$($Evaluating profitability$)$ Last year, Stevens Inc. had sales of $$404,000,$ with a cost of goods sold of $$118,000.$ The firm's operating expenses were $$129,000,$ and its increase in retained earnings was $$50,000.$ There are currently $22,100$ common stock shares outstanding and the firm pays a $$1\mathrm{.}65$ 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?

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.$)$

$\backslash$table$[[$Sales$,$$$,404000],[$Cost of goods sold,$118000],[$Gross profits,$$,286000],[$Operating expenses,$129000],[$Operating profits,$$,],[$Interest expense,$],[$Earnings before taxes,$$,],[$Net income,$$,]]$