Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 $438,400 Sales revenue Cost of goods sold 217,900 Gross profit 220,500 Expenses (including $14,000 interest and $25,200 income taxes) 89,500 Net income $ 131,000 Additional information: 1. Common stock outstanding January 1, 2022, was 26,700 shares, and 36,500 shares were outstanding at December 31, 2022. 2. The market price of Skysong stock was $15 in 2022. 3. Cash dividends of $21,300 were paid $5,500 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $ 3.97 (b) Price-earnings ratio 3.44 times (c) Payout ratio 12.59 % (d) Times interest earned 12.2 times