Selected financial data for Squid Company are as follows: Income Statement Accounts Net Sales 2019 $1,450,000 Cost of Goods Sold Selling and Admin. Expense 1,015,000 Non operating revenue 185,385 Interest Expense 8,860 12,100 Earnings Before Income Tax Provision for Income Taxes 246,375 Net Income 113,616 Financial position Accounts $ 132,759 Current Liabilities $ 189,000 Long-term debts 112,000 Preferred Stocks (10%) 100,000 Common Stocks 850,000 Retained Earnings 265,518 Other Information Total Assets include the following: Goodwill 12,000 Construction in Progress 250,000 Compute Return on Common Equity 11% 14% 13% 79%