Financial statement information follows as of the end of each year. 2012 2011 Stockholders equity $ 280,000 $ 238,000 Net income 134,000 90,000 Tax expense 22,000 18,000 Interest expense 12,000 12,000 Dividends paid to preferred stockholders 20,000 20,000 Dividends paid to common stockholders 15,000 10,000 Compute the times interest earned for 2012