The income statement for Vermont Communications follows. Assume Vermont Communications signed a 3-mo

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The income statement for Vermont Communications follows. Assume Vermont Communications signed a 3-month, 3%, $6,000 note on June 1, 2018, and that this was the only note payable for the company Click the icon to view the income statement.) Requirements 1. Fill in the missing information for Vermont's year ended July 31, 2018, income statement. Round to the nearest dollar. 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Requirement 1. Fill in the missing information for Vermont's year ended July 31, 2018, income statement. Round to the nearest dollar. (Use a 12-month year for interest computations. Use a minus sign or parentheses to enter other expenses.) Vermont Communications Income Statement Year Ended July 31, 2018 Net Sales Revenue $ 26,500 (12,200) 14,300 $ 690 1,550 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense (2.240) 12,060 The income statement for Vermont Communications follows. Assume Vermont Communications signed a 3-month, 3% (Click the icon to view the income statement.) Requirements 1. Fill in the missing information for Vermont's year ended July 31, 2018, income statement. Round to the nearest 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Vermont Communications Income Statement Year Ended July 31, 2018 Net Sales Revenue $ Net Sales Revenue 26,500 (12,200) 26,500 12,200 14,300 14,300 $ 690 1,550 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense 690 1,550 2,240 (2,240) 12,060 12,060 Total Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense Net Income before Income Tax Expense Income Tax Expense (2,410) Net Income Net Income