2. The income statement for the Carolina Service Company for the year ended December 31, 2022, appears here. Sales revenue Cost of goods sold Gross profit Interest expense Expenses Income Tax expense Net income Additional information: $670,000 390,000 280,000 25,000 135,000 20,000 $100,000 1. Common stock outstanding on January 1, 2022, was 50,000 shares. On July 1, 2022, 10,000 more shares were issued. Weighted average shares outstanding is 55,000 shares. 2. The market price of Carolina's stock was $22 at the end of 2022. 3. Cash dividends of $35,000 were paid, $5,000 of which were paid to preferred stockholders. Instructions Compute the following ratios for 2022: (SHOW YOUR WORK) (a) Earnings per share. (b) Price-earnings. (c) Times interest earned.