Following is the balance sheet of Franklin Company for Year 3: The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $15,100. Required Required Compute each of the following: (Rourd your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23,45 .) The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $15,100. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45 .)