For the year ended December 31, 2019, Settles Inc. earned an ROI of 10.0 %. Sales for the year were $13 million, and average asset turnover was 2. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Inc.'s margin and net income. (Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000.) b. Calculate Settles Inc.'s return on equity. (Round your answer to 1 decimal place.) a. Margin Net income b. Return on equity % Mini-Exercise 2-2 (Algo) Understanding financial statement relationships LO 2, 3 Stockholders' equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000 were declared and paid, and $22,000 of common stock was issued at par value. Required: Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Beginning: Stockholders' Equity Changes: 24,000 (9,000) Ending: $ 15,000