Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. Income Statement For the Year Ended December 31, Year 2 Sales (all on account) $ 1,340,000 Cost of goods sold 830,000 Gross margin 510,000 Operating expenses 465,143 Net operating income 44,857 Interest expense 9,000 Net income before taxes 35,857 Income taxes (30%) 10,757 Net income $ 25, 100 The company's return on equity for Year 2 is closest to: Multiple Choice 3.02% 3.77% 2.11% O 79.14%