Financial Data from Chevron Corporation:

For the year ended December 31, 2023:

Item	Amount
Sales revenue	$13,000,000
Cost of goods sold	$9,000,000
Operating expenses	$2,200,000
Interest expense	$350,000
Dividend revenue	$100,000
Income tax expense	$1,400,000
Preferred stock dividends	$80,000
Preferred stock	$900,000
Common stock	$5,000,000
Retained earnings, Jan 1, 2023	$2,000,000

Instructions:

Prepare a multi-step income statement.

Compute the earnings per share.

Prepare a statement of retained earnings.

Compute the current ratio.

Calculate the times interest earned ratio.