Following is the balance sheet of Franklin Company for Year 3: FRANKLIN COMPANY Balance sheet Assets Cash Marketable securities: Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,260 12,860 11,300 167,500 (12,500) $201,920 $ 8,030 3,120 4,600 21,120 113,100 51,950 $201,920 The average number of common stock shares outstanding during Year 3 was 880 shares. Net income for the year was $15,000. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)