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please show work Here is the income statement for Larkspur, Inc. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $443,400

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Here is the income statement for Larkspur, Inc. LARKSPUR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $443,400 Cost of goods sold 224,700 Gross profit Expenses (including $16,700 interest and $24,600 income taxes) Net income 218,700 87,600 $ 131,100 Additional information: 1. Common stock outstanding January 1, 2022, was 27,600 shares, and 36,700 shares were outstanding at December 31, 2022. 2. The market price of Larkspur stock was $15 in 2022 3. Cash dividends of $22,700 were paid, $6,900 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 4.50 (b) Price-earnings ratio 3.33 times (c) Payout ratio 12.05 3.35 % times (d) Times interest earned

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