Income Statement

Year Ended December 31, 2021

Net sales $9200000

Cost of goods sold 5500000

Gross profit 3700000

Operating expenses (including bond interest expense) 1400000

Income before income taxes 2300000

Income tax 690000

Net income$ 1610000

Additional information:

There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared.

The number of times interest was earned during 2021 was ??