On January 1, 2012, Raczynski Corporation purchased 1,000 shares of treasury stock. Other information regarding Raczynski Corporation is provided below.

Compute(a) Return on common stockholders' equity for each year and(b) Earnings per share for each year, and(c) Discuss the changes ineach.

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2011 2012 $210,000 Net income Dividends on preferred stock Dividends on common stock Weighted-average number of common shares outstanding Common stockholders' equity beginning of year Common stockholders' equity end of year $200,000 $30,000 $30,000 $25,000 9,000 10,000 $600,000 S750,000 $750,000 $830.000