Metlock Limited is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $$5$ cumulative preferred shares. On December $31,2024,$ there were $30,100$ common and $860$ preferred shares issued. The common shares had been issued at an average per share amount of $$10$; the preferred shares at $$105.$ The balance in the Retained Earnings account on January $1,2024,$ was $$246,820.$ During $2024,$ the company had profit of $$107,500$ and declared a total of $$64,500$ of dividends, of which $$48,375$ was paid during the year.

Prepare the shareholders' equity section of the balance sheet on December $31,2024.$

calculate the return on eqiuty $.$