Here is the income statement for Waterway, Inc. Waterway, Inc. Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Gross profit Expenses (including $10,000 interest and $27,000 income taxes) Net income $414,000 218,000 196,000 112,000 $ 84,000 Additional information: 1. Common stock outstanding January 1, 2022, was 17,000 shares, and 21,000 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Waterway stock was $22 on December 31, 2022 3. Cash dividends of $22,000 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share $ (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times % times