The financial records of Procter & Gamble for the year ended December 31, 2023, include:

Item	Amount
Sales revenue	$11,000,000
Cost of goods sold	$7,000,000
Operating expenses	$1,800,000
Interest expense	$250,000
Dividend revenue	$80,000
Income tax expense	$1,000,000
Preferred stock dividends	$60,000
Preferred stock	$700,000
Common stock	$4,000,000
Retained earnings, Jan 1, 2023	$1,500,000

Instructions:

Prepare a single-step income statement.

Compute the earnings per share.

Prepare a retained earnings statement.

Calculate the debt to equity ratio.

Determine the net profit margin.