Net sales Cost of goods sold Gross profit Expenses (including $10,000 interest and $27,000 income taxes) Net income Additional information: 1. 2. 3. For the Year Ended December 31, 2022 (b) (c) (a) Earnings per share (d) 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, eg. 6.8 or 6.8%) $414,000 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.) Price-earnings ratio The market price of Waterway stock was $22 on December 31, 2022 Cash dividends of $22,000 were declared and paid. Payout ratio 218,000 Times interest earned 196,000 112,000 $84,000 % times times