Here is the income statement for Marin Inc. MARIN INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $12,000 interest and $26,000 income taxes) Net income $425,500 240,400 185,100 75,400 $ 109,700 Additional Information: 1 Common stock outstanding January 1, 2022, was 26,300 shares, and 36,100 shares were outstanding at December 31, 2022 The market price of Marin stock was $24 in 2022 Cash dividends of $24,000 were paid. $3,600 of which were to preferred stockholders. 2 3 Compute the following measures for 2022. (Round all answers to 2 decimal places, c.y. 1.83 or 2.51%) ( Earnings per share $ (b) Price earnings ratio times (c) Payout ratio Sales revenue Cost of goods sold Gross profit Expenses (including $12,000 interest and $26,000 income taxes) Net income $425,500 240,400 185,100 75,400 $ 109,700 Additional information: 1. Common stock outstanding January 1, 2022, was 26,300 shares, and 36,100 shares were 2022. The market price of Marin stock was $14 in 2022. Cash dividends of $24,000 were paid $3,600 of which were to preferred stockholders. 2. 3. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 Earnings per share $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times e Textbook and Media Save for Later Attem