Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $404,100 234,000 Cost of goods sold Gross profit 170,100 Expenses (including $16,700 interest and $26,400 income taxes) 83,500 $86,600 Net income Additional information: Common stock outstanding January 1, 2020, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2020. 1. The market price of Skysong stock was $14 in 2020. 2. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. 3. Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times