In 2017, Pennington Corporation had net sales of $594,000 and cost of goods sold of $350,000. Operating expenses were $152,000, and interest expense was $7,s00. The corporation's tax rate is 31%The corporation declared preferred dividends of$12,000 in 2017, and its average common stockholders' equity during the year was si 66,00. Prepare an income statement for Pennington Corporation. PENNINGTON CORPORATION Compute Pennington Corporation's return on common stockholders' equity for 2017. (Round answer to i decimal place,e.g.105) Return on common stockholders' equity