The following data are provided: Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Income taxes payable Bonds payable 10% Preferred stock, $50 par Common stock, $10 par Paid-in capital in excess of par Retained earnings Net credit sales Cost of goods sold Operating expenses Net income December 31 2021 2020 $ 1,500,000 $ 1,000,000 1,200,000 2,200,000 6,500,000 1,500/7,200 0 1,300/7,200 0 1,500/8,000 o 1,300/8,000 1,600,000 2,600,000 7,000,000 1,100,000 200,000 1,400,000 2,000,000 2,400,000 1,600,000 4,000,000 12,800,000 8,400,000 2,900,000 1,500,000 *67. The return on common stock holders' equity for 2021 is 800,000 100,000 1,400,000 2,000,000 1,800,000 Additional information: Depreciation included in cost of goods sold and operating expenses is $1,220,000. On May 1, 2021, 60,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021. 1,300,000 3,500,000