$($Evaluating profitability$)$ Last$$ year, Stevens Inc. had sales of $$$$395$ comma $000,$ with a cost of goods sold of $$$$116$ comma $000.$ The$$ firm's operating expenses were $ $127$ comma $000,$ and its increase in retained earnings was $$$$60$ comma $000.$ There are currently $21$ comma $400$ common stock shares outstanding and the firm pays a $$$$1\mathrm{.}64$ dividend per share.

a$.$ Assuming the$$ firm's earnings are taxed at $21$percent$,$ construct the$$ firm's income statement.

b$.$ Compute the$$ firm's operating profit margin.

c$.$ What was the times interest$$ earned?

Question content area bottom

Part $1$

a$.$ Assuming the$$ firm's earnings are taxed at $21$percent$,$ construct the$$ firm's income statement.$($Round to the nearest dollar. NOTE$$: You may input expense accounts as negative$$ values.$)$

Stevens Inc. Income Statement

$

Gross profits

$

Operating profits

$

Earnings before taxes

$

Net income

$