Windmere Corporation's statement of financial position at December 31, 2020, appears as follows: Cash $63,000 1,107,000 Other current assets Capital assets (net) 7.140,000 Total $8,310,000 Current liabilities $545,000 Long-term debt 1,410,000 Preferred shares 710,000 Share capital-common shares 2,130,000 Retained earnings 3,515,000 Total $8,310,000 For the year just ended. Windmere reported net income of $498,600. During the year, the company declared preferred dividends of $52,645 and common dividends of $266,459. Calculate, using year-end amounts for assets and shareholders' equity, the following ratios for Windmere: (Round answers to 1 decimal place, eg, 15.2%) i Return on assets, using net income in the calculation Return on assets %6 11. Dividend payout ratio Dividend payout ratio % Ill. Return on common shareholders' equity Return on common shareholders' equity % Assume that the company issued $1,410,000 of common shares at the beginning of 2020 and paid off the long-term debt. By repaying the long-term debt and not incurring any interest expense the company's net income increased by $63,000. i. What would the return on common shareholders' equity be? (Hint: Remember that shareholders' equity is affected by net income) (Round answer to 1 decimal place, e.g. 15.2%) Return on common shareholders' equity 96 Assume that the long-term debt remains as shown on the statement of financial position and that the company issued an additional $710,000 of common shares at the beginning of 2020. The company used the proceeds to redeem and cancel the preferred shares i. What would the return on common shareholders' equity be? (Round answer to 1 decimal place, eg. 15.5%) Return on common shareholders' equity %