Question 7 of 8 - / 10 Here is the income statement for Concord, Inc. $434,000 Concord, Inc. Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Gross profit Expenses (including $10,000 interest and $20,000 income taxes) Net income 190,000 244,000 91,000 $ 153,000 Additional information: 1. Common stock outstanding January 1, 2022, was 34.250 shares, and 38,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted average) The market price of Concord stock was $28 on December 31, 2022 Cash dividends of $22.400 were declared and paid. 2 3. Compute the following measures for 2022. (Round Fornings per share to 2 decimal places, eg, 1.65, and all other answers to 1 decimal place, eg. 6.8 or 6.8%.) (a) Earnings per share $ Additional information: 1 Common stock outstanding January 1, 2022, was 34,250 shares, and 38,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted average.) The market price of Concord stock was $28 on December 31, 2022 Cash dividends of $22,400 were declared and paid. 2. 3. Compute the following measures for 2022. (Round Earnings per Share to 2 decimal places, eg. 1.65, and all other answers to 1 decimal place, c.8. 6.8 or 6.8%) (a) Earnings per share $ (b) Price-earnings ratio times (c) Payout ratio % (d) Times interest earned times