Selected Financial Data for Irvington Company Appear Below During the Year,the Company Paid Dividends of $10,000 on Its

Multiple Choice

Selected financial data for Irvington Company appear below:
$\begin{array}{|l|r|r|}\hline &{\text { Account Balances }} \\\hline & \text { Beginning of year } & \text { End d year } \\\hline \text { Preferred shares } & \$ 125,000 & \$ 125,000 \\\hline \text { Common shares } & 300,000 & 400,000 \\\hline \text { Retained earnings } & 75,000 & 185,000 \\\hline\end{array}$
During the year,the company paid dividends of $10,000 on its preferred shares.The company's net income for the year was $120,000.The company's return on common shareholders' equity for the year was closest to which of the following?

A) 17%.
B) 19%.
C) 23%.
D) 25%.