Problem 4. MSM Inc. has 200,000 shares of common stock outstanding and 50,000 shares of preferred stock outstanding. During 2023 the firm had sales of $1,000,000, cost of goods sold equal to 40% of sales, operating expenses of $400,000, Interest expense of $40,000 and an income tax rate of 30%. Calculate net income after tax and earnings per share as it would be reported on the firm's income statement. You don't have to prepare a formal income statement. Net Income after tax EPS (carry to the cents level)