Ivanhoe Tandy Company reported the following post-closing balances at December 31,2021 :common stock 5515,000 ; paid-in capital in excess of par-common stock $215,000; retained earnings $365,000. During 2022, the following transactions affected stockholder's equity. 1. Issued preferred stock with a par value of $215,000 for $245,000, 2. Purchased treasury stock (common) for $85,000. 3. Earned netincome of $270,132. 4. Declared and paid cash dividends of $101,000($31,000 preferred). TVANHOE TANDY COMPANY Balance Sheet (Partial) December 31,2022 Paid-in Capital Capitat Stock Prelerred 5tock \( 5 \longdiv { 2 1 5 0 0 0 } \) Common5tock: Total CopitalStock Additionat Paid-in Capital In eycess of par-Preferred Stock Total Pald-in Capital Petained Earnings Total Paid-in Capital and Retained Earnings Less v=. Treasury Siock-Common Total Stockholden' Equity eTextbook and Media Compute Tandy's 2022 return on common stockholders' equity. (Round answer to 1 decimal ploce, es.2.7.) Return on common stocitholders' equity