Your answer is incorrect. Here is the income statement for Crane, Inc. Crane, Inc. Income Statement For the Year Ended December 31, 2022 Net sales $400,000 Cost of goods sold 180,000 Gross profit 220,000 Expenses (including $10,000 interest and $20,000 income taxes) 83,000 Net income $ 137,000 Additional information: 1. Common stock outstanding January 1, 2022, was 30,250 shares, and 34,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) 2. The market price of Crane stock was $22 on December 31, 2022 3. Cash dividends of $19,600 were declared and paid. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share $ (b) Price-earnings ratio (c) Payout ratio (d) Times interest earned times % times