Following is the balance sheet of Rooney Company for Year 3: Assets Cash ROONEY COMPANY Balance sheet 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 $ 15,000 8,260 13,160 10,500 168,500 (12,800) $202,620 $ 8,780 3,840 4,300 21,420 114,900 49,380 $202,620 Total liabilities and stockholders' equity The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,000. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)