The balance sheet for Concord Corporation at the end of the current year includes the following: Bonds payable, 6% $5,800,000 6% Preferred stock, $100 par 2,000,000 Common stock, $10 par 2,000,000 Net income was $525,000 and income tax expense for the current year amounted to $240,600. Cash dividends paid on common stock were $140,000, and the common stock was selling for $28 per share at the end of the year. There were no ownership changes during the year. Determine each of the following: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place, e.g. 5.2.) a) Number of times that bond interest was earned _______ timesb) Earnings per share for common stock $Enter a dollar amount rounded to 2 decimal places per share(c) Price-earnings ratio Enter a number rounded to 1 decimal placetimes