The financial statements of Allen Resources Corp. reported the following: (Click the icon to view the financial statements information.) Dividends were paid to preferred shareholders in 2019 and 2020. Dividends of $49,000 were declared and paid to common shareholders in 2020. Compute the return on assets for 2020. Compute the return on assets for 2020. (Round the percentage to the nearest tenth percent, X.X%.) Return on assets 2020 2019 Net income 110,000 $ 80,000 Interest expense 20,000 30,000 $5.00 Preferred shares (1,000 shares) 80,000 80,000 Common shares 270,000 270,000 Retained earnings 140,000 210,000 Total assets 820,000 780,000