Average Common Stockholders' Equity, Return on Stockholders' Equity

Rebert Inc. showed the following balances for last year:

	January 1		December 31
Stockholders' equity:
Preferred stock, $100 par, 8%	$ 4,000,000		$ 4,000,000
Common stock, $3 par	3,000,000		3,000,000
Additional paid-in capital*	4,800,000		4,800,000
Retained earnings	4,000,000		4,250,000
Total stockholders' equity	$15,800,000		$16,050,000
* For common stock only.

Rebert's net income for last year was $3,182,000.

Required:

1. Calculate the average common stockholders' equity. $fill in the blank 1

2. Calculate the return on stockholders' equity. fill in the blank 2%