Financial ratios computed for Whittaker Incorporated include the following: Current ratio Acid-test ratio Debt/equity ratio Inventory turnover Accounts receivable turnover Times interest earned Gross profit ratio Return on investment Earnings per share 1.7 to 1 1.4 to 1 2.5 to 1. 2.5 times 5.9 times 4.85 times 40% 12.57 $ 11.95 All sales during the year were made on account. Cash collections during the year exceeded sales by $18,000, and no uncollectib accounts were written off. The balance of the accounts receivable account was $46,000 on January 1, 2023. No common stock was issued during the year. Dividends declared and paid during the year were $5,324. The balance of the inventory account was $71,784 on January 1, 2023. Interest expense on the income statement relates to the 15% bonds payable; $10,000 of these bonds were issued on May 1, 2023; the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount. Required: a. Complete the income statement and balance sheet for Whittaker Incorporated. Complete this question by entering your answers in the tabs below. Required A1 Required A2 Complete the income statement for Whittaker Incorporated.. WHITTAKER INCORPORATED Income Statement For the Year Ended December 31, 2023 Sales Cost of goods sold Gross profit Operating expenses $ 0 $ 0 0 < Prev 6 of 12 Next >