The following financial statement information is available for Bongo Corporation:

The following financial statement information is available for Bongo Corporation:
2013                      2012
Net income                                          $115,000                $  80,000
Income tax expense                               50,000                    29,000
Interest expense                                      15,000                    14,000
Dividends paid to preferred
stockholders                                       22,000                    20,000
Dividends paid to preferred
stockholders                                       15,000                    10,000

The times interest earned for 2013 is