Hus Question 3 of 3 (0 complete) This Testa pts possible The income statement for Illinois Communications follows. Assume Illinois Communications signed a 3-month, 6%, 560,000 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 Illinois'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 Illinois'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.) Illinois Communications Income Statement Year Ended July 31, 2018 $ 27.000 112.000 15.000 Ne Sales Revence Cost of Goods Sold Gross Broni Gherating Expenses Selling Expenses Administrative Expenses Total Operating Expenses gerating Income other comesse s 710 Choose from any inter any number in the rout fields and then continue to the next question Requirements 1. Fill in the missing information for Illinois's year ended July 31, 2018, income statement. Round to the nearest dollar. 2. Compute the times-interest-eamed ratio for the company. Round to two decimals. Selling Expenses 710 Administrative Expenses 1,350 Total Operating Expenses (2.000) Operating Income 12.940 Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (2.470) 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, XXX) Times-interest-eamed ratio Choose from any list of enter any number in the input fields and then continue to the next question a Data Table - X Illinois Communicatons Income Statement Year Ended July 31, 2018 IN Net Sales Revenue 27,000 Cost of Goods Sold 12.000 Gross Profit 15.000 Operating Expenses: Selling Expenses Doministatve Expenses Total Operating Expenses Operating income Other income and Expenses og Other Income and Expens Nere before I3 Excense Data Table - Year Ended July 31, 2018 Net Sales revenue 27.000 Cost of Goods Sold Gross Pro Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating income Other Income and Expenses Total Other Income. Expenses The income before Income Tax Excpenge ho che Expense