Presented Below Is Information Reported by Kiev Ltd What Is Kiev's Rate of Return on Common Shareholders' Equity

Presented below is information reported by Kiev Ltd. for their last two fiscal years:

$\begin{array}{ll}\ \text{ } & \quad \text{\ \(\underline{\text{ Dec31,2021 }}\) } \quad\quad \quad \quad \quad \quad \text{\ \(\underline{\text{ Dec31,2020 }}\) } \quad \quad \quad \\\text{ Common shares.................................................................................................} & \quad\quad \quad \text{\$ 75,000 } \quad \quad\quad \quad \quad \quad \quad \text{\$ 60,000 } \quad \quad \quad \\\text{ 6\% preferred shares, no par value, cumulative ...........................................................} & \quad\quad \quad \text{\ 350,000 } \quad\quad \quad \quad \quad \quad\quad \text{\ 350,000 } \quad \quad \quad \\ \text{ \ Retained earnings (post closing) ...................................................................} & \quad\quad \quad \text{\ 90,000 } \quad\quad \quad \quad \quad \quad\quad \text{\ 75,000 } \quad \quad \quad \\\text{ \ Net income for year ................................................................................................} & \quad\quad \quad \text{\ 60,000 } \quad\quad \quad \quad \quad \quad \quad \text{\ 32,000 } \quad \quad \quad \\ \ \end{array}$

What is Kiev's rate of return on common shareholders' equity for 2021?

A) 48.8%
B) 26%
C) 25%
D) 22.4%