1. Use this income statement to complete this section. Be sure to show all computations. (20 points) GREEN COUNTRY CORPORATION Income Statement For the Year Ended December 31, 2020 1,470,000.00 Net sales Costs and expenses Cost of goods sold Selling expenses Administrative expenses Research and development Total costs and expenses Earnings before interest and taxes Interest expense Interest income Earnings before taxes Provision for income taxes Net income 712,000.00 112,000.00 97,000.00 45,000.00 966,000.00 504,000.00 55,000.00 4,500.00 444,500.00 155,575.00 288,925.00 Using the information reported above, calculate the following for Green Country Corporation (GCC). a. Gross profit and gross profit percentage b. Income from operations (operating income) c. Net profit percentage GCC has 10,000 shares of $50 par 10% preferred stock outstanding, and 150,000 shares of common stock outstanding (the number remained the same all year). On December 31, its stock was trading at $6.21 per share. Compute: d. earnings per share and e. the price earnings ratio