The Balance sheet for Panoramic Open Pictures $($POP$)$ shows $$300,000$ in total assets and $$200,000$ in total liabilities. POP$$s return on assets $($ROA$)$ is $5$ percent. Compute POP$$s $($a$)$ net income for the year and $($b$)$ its return on equity $($ROE$).$ POP has no preferred stock