Fortnight Company's 2021 financial statements contain the following selected data: Income Taxes $40,000 Interest Expense 28.000 Net Income 120,000 If Fortnight's bank requires Fortnight to maintain times interest earned of at least 6 times. Fortnight has violated the coverant with times interest earned of 6.7 times, Fortnight has violated the covenant with times interest earned of 4.3 times. Fortnight has met the covenant with times interest earned of 6.7 times. Fortnight has met the covenant with times interest earned of 43 times