The following information is provided by Nike Inc. for the year ended December 31, 2023:

Item	Amount
Sales revenue	$15,000,000
Cost of goods sold	$11,000,000
Operating expenses	$2,700,000
Interest expense	$450,000
Dividend revenue	$120,000
Income tax expense	$1,600,000
Preferred stock dividends	$100,000
Preferred stock	$1,200,000
Common stock	$6,000,000
Retained earnings, Jan 1, 2023	$3,000,000

Instructions:

Prepare a multi-step income statement.

Compute the earnings per share.

Prepare a retained earnings statement.

Calculate the return on equity.

Compute the net profit margin.