x Your answer is incorrect. Try again. Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $431,600 Cost of goods sold 234,300 Gross profit 197,300 Expenses (including $16,200 Interest and $22,500 income taxes) 75,200 $ 122,100 Net income 11 oice Additional information: e ults by Study 1. Common stock outstanding January 1, 2022, was 26,700 shares, and 36,000 shares were outstanding at December 31, 2022 2. The market price of Teal Mountain stock was $13 in 2022. 3. Cash dividends of $24,200 were paid, $6,600 of which were to preferred stockholders Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.5196) 3.21 (a) Earnings per share times (b) Price-earnings ratio 4.05 Symous... Youlube M Gmail Maps Translate News NYS DMV - Photo... CALCULATOR FULL SCREEN PRINTE RCES Gross profit Expenses (including $16,200 interest and $22,500 income taxes) Net income 197,300 75,200 $ 122,100 Additional information: 1. Common stock outstanding January 1, 2022, was 26,700 shares, and 36,000 shares were outstanding at December 31, 2022. 2. The market price of Teal Mountain stock was $13 in 2022. 3. Cash dividends of $24,200 were paid, $6,600 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per 'share 3.21 (b) Price-earnings ratio 4.05 times M ey Study (c) Payout ratio 19.82% (d) Times interest earned 12.18 times Click if you would like to show Work for this question: Open Show Work