$($Evaluating profitability$)$ Last year, Stevens Inc. had sales of $$396,000,$ with a cost of goods sold of $$112,000.$ The firm's operating expenses were $$132,000,$ and its increase in retained earnings was $$50,000.$ There are currently $22,200$ common stock shares outstanding and the firm pays a $$1\mathrm{.}62$ 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 eamed?

$\backslash$table$[[$Cost of goods sold,,$-112000],[$Gross profits,$$,284000],[$Operating expenses,,$-132000],[$Operating profits,$$,152000],[$Interest expense,,$134964],[$Earnings before taxes,$$,32964],[$Net income,$$,]]$