Accounting Question

The income statement for Sutherland, Inc., appears below. SUTHERLAND, INC. Income Statement For the Year Ended December 31, 2017 Net sales $414,000 Cost of goods sold 218,000 Gross profit 196,000 Expenses (including $16,500 interest and $27,000 income taxes) 108,000 Net income $ 88,000 Additional information: 1. The weighted-average common shares outstanding in 2017 were 34,000 shares. 2. The market price of Sutherland, Inc. stock was $11 in 2017. 3. Cash dividends of $22,000 were paid, $4,200 of which were to preferred stockholders. How do I find payout ratio?