Herman Corporation had net income of $100,000 and paid dividends of $25,000 to common stockholders and $20,000 to preferred stockholders in 2020. Herman Corporation's common stockholders' equity at the beginning and end of 2020 was $450,000 and $550,000, respectively. Herman Corporation's return on common stockholders' equity is 1) 20.0%. 2) 16.0% 3) 15.0%. O4) 11.0%