Following is the balance sheet of Franklin Company for Year 3. The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,700. Required Compute each of the following: (Round your answer to 2 decimol ploces. For percentoges, 0.2345 should be entered as 23.45 .) The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,700. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45 .)