QUESTION 9 During 2019, Bracket, Incorporated’s net income was $350,000. Its common stockholders’ equity was $540,000 at January 1, 2019 and $660,000 at December 31, 2019. During 2019, Bracket had...

During 2019, Bracket, Incorporated’s net income was $350,000. Its common stockholders’ equity was $540,000 at January 1, 2019 and $660,000 at December 31, 2019. During 2019, Bracket had 10,000 outstanding shares of 6%, $50 par value cumulative preferred stock. During December 2019, Bracket’s board of directors declared the annual preferred stock dividend and a $60,000 common stock dividend.  What is Bracket’s 2019 return on common stockholders’ equity?