P11-29A (similar to) Question Help The income statement for Vermont Communications follows. Assume Vermont Communications signed a 3-month, 9%, $70,000 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 Vermont's year ended July 31, 2018, Income statement. Round to the nearest dollar. 2. Compute the times-interest-earned ratio for the company. Round lo two decimals. Data Table Vermont Communications Income Statement Year Ended July 31, 2018 Vermont Communications Income Statement Year Ended July 31, 2018 Net Sales Revenue S 32,000 (8,000) $ 32,000 8,000 24,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses 24,000 S 710 1,800 S 710 1,800 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Administrative Expenses (2,510) 2,510 21,490 21.490 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 ? ? (4,090) Income Tax Expense 4,090 Net Income $? Net Income Enter any number in the edit fields and then click Check