XYZ Company had a Net Profit Margin of $8\%$ in $2022.$ In $2023,$ the company's financial performance improved, and the Net Profit Margin increased to $10\%.$ During $2023,$ XYZ Company's Gross Sales were $$500,000,$ and it offered Sales Discounts totaling $$20,000.$ Notably, there were no Sales Returns and Allowances In this year. The Income Tax Rate for the company is $20\%.$ Furthermore, XYZ Company paid $$10,000$ In Interest during the year. The beginning balance of Interest Payable on January $1,2023,$ was $$7,000,$ and the ending balance on December $31,2023,$ was $$5,000.$Using this information, calculate the following for $3042$ Company for the year $2023$: $1-$ Net income $2-$ Times Interest Earned