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Following is the balance sheet of Jordan Company for Year 3: The average number of common stock shares outstanding during Year 3 was 890 shares.

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Following is the balance sheet of Jordan Company for Year 3: The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $16,000. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered os 23.45 .) Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45 .)

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