ment Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $408,000 Cost of goods sold 218,000 Gross profit 190,000 Expenses (including $10,000 interest and $21,500 income taxes) 84,000 Net income $106,000 Additional information: Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. The market price of Myers stock 3. Cash dividends of $29,680 were paid, $6,000 of which were to preferred stockholders. 1. 2. was $10.00 in 2020. Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 (a) Earnings per share (b) Price-earnings ratio times % (c) Payout ratio (d) Times interest earned times Open Show Work Click if you would Ilike to Show Work for this