Redding Industrial Supply had common stock of $6,800 and retained earningsof $4,925 at the beginning of the year.At the end of the year,the common stock balance is $7,000 and the retained earnings account balance is $5,498.The net income for the year is $938.What is the retention ratio?

1.17.59%2.38.91%3.61.09%4.82.41%