QUESTION THREE (30 Marks) The Format Company renorts the following balance sheet data: Income before taxes is $160,000. The tax rate is 40 percent. Common stockholders' equity in the previous year was $800,000. The market price per share of common stock is $35. REQUIRED to Calculate : (a) net income [4 Marks] (b) preferred dividends [4 Marks] (c) return on common stock, [4 Marks] (d) times interest earned,[4 Marks] (e) earnings per share [4 Marks] (f) price-earnings ratio and [5 Marks] (g) book value per share.[5 Marks]