In 2022, Ivanhoe Corporation had net sales of $600,000 and cost of goods sold of $356,000. Operating expenses were $151,000, and interest expense was $5,000. The corporation's tax rate is 20%. The corporation declared preferred dividends of $10,500 in 2022, and its average common stockholders' equity during the year was $201.000. (a) Prepare an income statement for Ivanhoe Corporation. IVANHOE CORPORATION Income Statement $

In 2022, Ivanhoe Corporation had net sales of $600,000 and cost of goods sold of $356,000. Operating expenses were $151,000, and interest expense was $5,000. The corporation's tax rate is 20%. The corporation declared preferred dividends of $10,500 in 2022 , and its average common stockholders' equity during the year was $201,000. (a) Prepare an income statement for Ivanhoe Corporation. Compute Ivanhoe Corporation's return on common stockholders' equity for 2022. (Round answer to 1 decimal place, eg. 10.5\%.) Return on common stockholders' equity %