P-45A Computing earnings per share, price/earnings ratio, and rate of return Learning objective on common stockholders' equity Bianchi Company reported these figures for 2018 and 2017: 2018 2017 Income Statement-partial: Net Income 34,380 18,000 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: Total Assets Paid-In Capital 5 285,000 280,000 $108,000 $108,000 Preferred Stock-11%, $9 Par Value; 60,000 shares authorized, 12,000 shares issued and outstanding Common Stock-$2 Par Value; 60,000 shares 100,000 100,000 authorized, 50,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common 14,000 60,500 $ 282,500 14,000 38,000 $260,000 Retained Earnings Total Stockholders' Equity Requirements 1. Compute Bianchi Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. market price per share of common stock is $9. Round to two decimals. 2018. Assume the company paid the minimum preferred dividend during 2018. 2. Compute Bianchi Company's price/earnings ratio for 2018. Assume the company's 3. Compute Bianchi Company's rate of return on common stockholders' equity for Round to the nearest whole percent