Raynita Mason: Attempt 2 i ne Tollowing linancial statement information is available ror Penn Corporation: 2017 2016 Stockholders' equity - common $350,000 $270,000 Net sales 784,000 697,000 Cost of goods sold 406,000 377,000 Net income 115,000 80,000 Inc tax expense 48,000 29,000 Interest expense 14,000 14,000 Dividends paid to preferred stockholders 24,000 20,000 Dividends paid to common stockholders 15,000 10,000 The return on common stockholders' equity for 2017 is a) 32.9% b) 26% M 9 acer 14,000 14,000 interest expense Dividends paid to preferred stockholders Dividends paid to common stockholders 24,000 20,000 15,000 10,000 The return on common stockholders' equity for 2017 is a) 32.9% Ob) 26%. OC) 28.6%. d) 21.7%