Cost of goods soldInterest expenseIncome tax expenseNet incomeCurrent assets (ending balance)Long-term assets (ending balance)Total assets (ending balance)Current liabilities (ending balance)Long-term liabilities (ending balance)Total liabilities (ending balance)Preferred dividendsTotal stockholders' equity (endingbalance)Total outstanding sharesMarket price of sharesAverage inventoryAverage assets (excluding long-terminvestments)Average total assetsAverage total stockholders' equityQuestion 72,061,536.40 1,374,357.60 1,025,640.00 683,760.00 518,000.001,052,060.00 891,576.00 768,600.00 610,000.00 500,000.001,225,572.00 845,222.00640,320.00441,600.00 320,000.005,571,720.00 3,714,480.00 2,772,000.001,848,000.00 1,400,000,0011,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.0017,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00 6,091,200,0029,378,491.00 22,598,839.00 171,200,333.00 12,588,480.00 10,152,000.004,173,933.01 3,701,510.80 63,272,288.24 2,323,321,73 2,093,167.206,498,357.99 5,762,848.20 98,508,044.76 3,617,158.27 3,258,832.8010,672,291.00 9,464,359.00 161,780,333,00 5,940,480.00 5,352,000.00243,180.60 170,748.24 122,460.0086,424.0062,400.0018,706,200.00 13,134,480.009,420,000.00 6,648,000.00 4,800,000.002,500,000.00 2,500,000,002,500,000.00 2,500,000.00 2,500,000.0013.5012.843,092,304.60 2,061,536,4012.2211.6311.061,538,460.00 1,025,640.0014,101,675.68 10,847,442.72 82,176,159.84 6,042,470.40 4,872,960.0025,988,665.00 19,859,586.00 14,854,406.00 11,370,240.00 8,676,000.0015,920,340.00 11,277,240.00 8,034,000.00 5,724,000.004,100,000.00777,000.00Calculate Earning Per ShareYou remember that the New York Bakery retired 224,812 shares in 2021. That means total outstanding shares arecurrently overstated. Calculate Earnings Per Share for 2021 using the corrected amount and round your answer to 2decimal points. RevenueCost of goods soldInterest expenseIncome tax expenseNet incomeCurrent assets (ending balance)Long-term assets (ending balance)Total assets (ending balance)Current liabilities (ending balance)Long-term liabilities (ending balance)Total liabilities (ending balance)Preferred dividendsTotal stockholders' equity (endingbalance)Total outstanding sharesMarket price of sharesAverage inventoryAverage assets (excluding long-terminvestments)Average total assetsAverage total stockholders' equityQuestion 62021202020192018201710,901,977.247,508,199.16 5,727,216.003,941,696.00 3,011,800.002,061,536.40 1,374,357.601,025,640.00683,760.00518,000.001,052,060.00 891,576.00768,600.00610,000.00500,000.001,225,572.00 845,222.00 640,320.00 441,600.00 320,000.005,571,720.00 3,714,480.00 2,772,000.00 1,848,000.00 1,400,000.0011,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.006,091,200.0017,627,094.60 13,559,303.40 102,720,199.80 7,553,088.0029,378,491.00 22,598,839.00-171,200,333.00 12,588,480.00 10,152,000.004,173,933.01 3,701,510.80 63,272,288.24 2,323,321.73 2,093,167.206,498,357.99 5,762,848.20 98,508,044.76 3,617,158.27 3,258,832.8010,672,291.00 9,464,359.00 161,780,333.00 5,940,480.00 5,352,000.00243,180.60122,460.0062,400.00170,748.2486,424.0018,706,200.00 13,134,480.009,420,000.00 6,648,000.00 4,800,000.002,500,000.00 2,500,000.002,500,000.00 2,500,000.0013.5011.061,538,460.00 1,025,640.00777,000.0082,176,159.84 6,042,470,40 4,872,960.0025,988,665.00 19,859,586.0014,854,406.00 11,370,240.0015,920,340.00 11,277,240.00 8,034,000.00 5,724,000.0012.8412.223,092,304.60 2,061,536.4014,101,675.68 10,847.442.7211.632,500,000.008,676,000.004,100,000.00Calculate Return on Stockholders' Equity.You identified an error in Net Income and Average Total Stockholders' Equity. Net Income was overstated by 398,804.74and Average Total Stockholders' Equity was understated by 31,762.74 in 2021. Calculate Return on Stockholders' Equityfor 2021 using the corrected amounts and round your answer to 2 decimal points.

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Return on stockholder's equity (ROE) is a financial measure that shows percentage of return owners…

Calculate Earning Per Share You remember that the New York Bakery retired 224,812 shares in 2021. That means total outstanding shares are currently overstated. Calculate Earnings Per Share for 2021 using the corrected amount and round your answer to 2 decimal points.