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In 2019 Ayayai Corp. has $1,410,000 in assets and $1,410,000 in stockholders' equity, with 50,000 shares outstanding the entire year. In the past year

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In 2019 Ayayai Corp. has $1,410,000 in assets and $1,410,000 in stockholders' equity, with 50,000 shares outstanding the entire year. In the past year it had net income of $76,000. On January 1, 2020, it issued $380,000 in debt at 5% and immediately repurchased 20,000 shares for $380,000. Management expected that, had it not issued the debt, it would again have had net income of $76,000. Determine the Company's net income and earnings per share for 2019 and 2020. (Ignore taxes in your computations.) Net income 2019 $ 2020 +A $ Earnings per share (Round 2 decimal places, e.g. 1.25.) $ $ Compute the Company's return on common stockholders' equity for 2019 and 2020. (Round answers to 1 decimal place, e.g. 5.2%.) Return on common stockholders' equity 2019 % 2020 %

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