P11-29A (similar to) Question Help The income statement for Texas Communications follows. Assume Texas Communications signed a 120-day, 3%, $8,000 note on June 1, 2016, and that this was the only nole payable for the company. (Click the icon to view the income statement.) Requirements 1. Fill in the missing information for Texas's year ended July 31, 2016, income statement. 2. Compute the times-interest-earned ratio for the company. $ Sales Revenue Less: Sales Returns and Allowances 29,000 (5,400) (3,700) Sales Discounts Net Sales Revenue 19,900 (13,200) 6,700 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Experises Tolal Operating Expenses Operating Income Other Revenues and (Expenses): 660 1,850 (2,510) 4,190 Interest Expense Total Other Revenues and (Expenses) Net Income before Income Tax Expense Income Tax Expense Net Income Enter any number in the edit fields and then click Check Answer. 1 per Clear All Check Answer remaining