Exercise 18-9 The income statement for Sutherland, Inc., appears below. PRINTER VERSION SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales $424,000 Cost of goods sold 188,000 Gross profit 236,000 Expenses (including $14,000 interest and $26,000 income taxes) 98,000 Net Income $ 138,000 Additional information: i. The weighted average common shares outstanding in 2017 were 25,000 shares. 2. The market price of Sutherland, Inc. stock was $12 in 2017 3. Cash dividends of $23,500 were paid, 55,100 of which were to preferred stockholders. Compute the following ratios for 2017. (Round Earnings per share to 2 decimal places, e.g. 1.75, and all other answers to 1 decimal place, e.g. 6.8 or 6.84) Earnings per share $ Price earnings ratio times Payout ratio % Times interest earned times Click if you would like to Show Work for this question: Qen Show Work