Please answer with Proper Explanation.

KINGBIRD, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Expenses (including $10,000 interest and $20,000 Income taxes) Net income $400,000 200.000 200,000 69.950 $ 130,050 Additional information: 1 2 Common stock outstanding January 1, 2022, was 20,000 shares, and 35,000 shares were outstanding at December 31, 2022 The market price of Kingbird stock was $11.55 in 2022 Cash dividends of $18,606 were paid $3,000 of which were to preferred stockholders 3. 2. 0,000 Shares, and 35,000 shares were outstanding at December 31, 2022 The market price of Kingbird stock was $11.55 in 2022. Cash dividends of $18,606 were paid $3,000 of which were to preferred stockholders. 3. . Compute the following measures for 2022. (Round earnings per share to 2 decimal places, es 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) (a) Earnings per share (b) Price-earnings ratio times (c) c Payout ratio % (d) Times Interest earned times