$($Evaluating profitability$)$ Last year, Stevens Inc. had sales of $$395,000,$ with a cost of goods sold of $$110,000.$ The firm's operating expenses were $$127,000,$ and its increase in retained earnings was $$55,000.$ There are currently $21,100$ common stock shares outstanding and the firm pays a $$1\mathrm{.}61$ dividend per share.

a$.$ Assuming the firm's earnings are taxed at $21$ percent, construct the firm's income statement.

b$.$ Compute the firm's operating profit margin.

c$.$ What was the times interest earned?

a$.$ Assuming the firm's earnings are taxed at $21$ percent, construct the firm's income statement. $($Round to the nearest dollar. NOTE: You may input expense accounts as negative values.$)$

Stevens Inc. Income Statement

$\backslash$table$[[$Sales$,$$$,395000],[$Cost of goods sold,,$-110000],[$Gross profits,$$,285000],[$Operating expenses,,$-127000],[$Operating profits,$$,158000],[$Interest expense,,$-108669],[$Earnings before taxes,$$,112621],[$Income taxes,,$-23650],[$Net income,$$,88971]]$