Presented here are an incomplete income statement and an incomplete compar-ative balance sheet of Vienna Corporation:

Additional information:1. The receivables turnover for 1998 is 10 times.2. All sales are on account.3. The profit margin for 1998 is \(14.5 \%\).4. Return on assets is \(22 \%\) for 1998.5. The current ratio on December 31, 1998, is 3:1.6. The inventory turnover for 1998 is 4.8 times.InstructionsCompute the missing information given the ratios. Show your computations. [Note: Startwith one ratio and derive as much information as possible from it before trying anotherratio. List all missing amounts under the ratio used to find the information.]

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VIENNA CORPORATION Income Statement For the Year Ended December 31, 1998 Sales Cost of goods sold Gross profit Operating expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income $11,000,000 ? ? 1,665,000 ? 560,000 $ ?