Firm L had net assets at the end of the year of $370,000. The only transactions affecting stockholders' equity during the year were net income of $71,000 and dividends of $41,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE). Answer is complete but not entirely correct. Average Stockholders' Equity Beginning stockholders' equity Ending stockholders' + 2 = equity Average Stockholders' Equity 329,000 + $ 370,000 2 = 349,500 Net income $ Return on Equity Average stockholders' Return on Equity equity 71,000 $ 41,000 = 173%