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$ 35,000 12,200 22,800 The income statement for Ohio Communications follows. Assume Ohio Communications signed a three-month, 3%, $80,000 note on June 1, 2024, and that this was the only note payable for the company. E: (Click the icon to view the income statement.) Data Table Requirements 1. Fill in the missing information for Ohio's year ended July 31, 2024, income statement. Round to the nearest dollar. 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Ohio Communications Requirement 1. Fill in the missing information for Ohio's year ended July 31, 2024, income statement. Round to the nearest dollar. (Use a 12 Income Statement Ohio Communications Year Ended July 31, 2024 Income Statement Net Sales Revenue Year Ended July 31, 2024 Cost of Goods Sold Net Sales Revenue $ 35,000 Gross Profit Cost of Goods Sold (12,200) Operating Expenses: Gross Profit 22,800 Selling Expenses $ Operating Expenses: Administrative Expenses Selling Expenses $ 700 Total Operating Expenses Administrative Expenses 1,450 Operating Income (2,150) Total Operating Expenses Other Income and (Expenses): Operating Income 20,650 Interest Expense Other Income and (Expenses): Total Other Income and (Expenses) Interest Expense Net Income before Income Tax Expense Total Other Income and (Expenses) Income Tax Expense Net Income before Income Tax Expense (4,050) Income Tax Expense Net Income 700 1,450 2,150 20,650 ? ? 4,050 $ ? Print Done Choose from any list or enter any number in the input fields and then continue to the next question. The income statement for Ohio Communications follows. Assume Ohio Communications signed a three-month, 3%, $80,000 note on June 1, 2024, 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 Ohio's year ended July 31, 2024, income statement. Round to the nearest dollar. 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Net Sales Revenue $ 35,000 (12,200) Cost of Goods Sold 22,800 Gross Profit Operating Expenses: Selling Expenses Administrative Expenses $ 700 1,450 (2,150) 20,650 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (4,050) Net Income Requirement 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Select the formula and enter the amounts to compute the times-interest-earned ratio. (Round your answer to two decimal places, X.XX.) Times-interest-earned ratio Choose from any list or enter any number in the input fields and then continue to the next

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