Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended December 31, 2023, totaled $620,000. HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity Common stock, no par, 100,000 shares authorized 40,000 and 25,000 shares issued, respectively Retained earnings: Beginning balance Net income for the year Dividends for the year Ending balance Total stockholders' equity 2023 $ 21,000 78,000 103,000 $ 202,000 50,000 125,000 (65,000) $ 312,000 $ 18,000 64,800 20,000 $ 102,800 22,000 $ 124,800 $ 74,000 2022 $ 19,000 72,000 99,000 $ 190,000 40,000 110,000 (60,000) $ 280,000 $ 17,000 75,000 18,000 $110,000 30,000 $ 140,000 $ 81,000 52,200 (20,000) $ 59,000 $ 85,000 1,000 5,000) $ 81,000 $ 113,200 $ 187,200 $ 140,000 Total liabilities and stockholders' equity $ 312,000 $ 280,000 Required: a Calculate ROI for 2023