Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $28,500 income taxes) Net income $424.000 226,000 198,000 96,000 $ 102,000 Additional information: 1. Common stock outstanding January 1, 2020, was 16,000 shares, and 24.000 shares were outstanding at December 31, 2020. 2. The market price of Myers stock was $20.37 in 2020. 3. Cash dividends of $24,480 were paid $5,000 of which were to preferred stockholders Compute the following measures for 2020. (Round Earnings per share to 2 decimal places es. 165, and all other answers to 1 decimal place of 6.8 or 6.8%) (al Earnings per share (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned LE e Textbook and Media