P11-29A (similar to) Question Help The income statement for Virginia Communications follows. Assume Virginin Communications signed a 3-month, 12%, $100,000 note on June 1, 2018, and that this was the only note payable for the company Cack the icon to view the income statement) Requirements 1. Fil in the minning information for Virginia's year ended July 31, 2018, income statement. Round to the nearest dollar. 2. Compute the times interesteemned ratio for the company. Round to two decimals. Requirement 1. Fill in the missing information for Virginia's year ended July 31, 2018, Income statement, Round to the nearest dollar. (Use o 12 month year for interest computations. Une a minus sign or parentheses to enter other expenses) Virginia Communications Income Statement Year Ended July 31, 2018 28,000 Cost of Goods (13.200) 14,800 Operating Exp Seling Espen 1,600 10 ou Net Sie von ad S 570 Adminle Expenses To Open Expenses (2.270) Foto Chark A P11-29A (similar to) Question Help The income statement for Virginia Communications follows. Assume Virginia Communications signed a 3-month, 12% $100,000 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. Fa in the missing information for Virginia's ynor ended July 31, 2018, income statement. Round to the nearest dollar 2. Compute the limits interest-earned ratio for the company. Round to two decimals 14.00 $ 670 1,600 (2.270) Operating Expenses Seting Expenses Aamitive Expres Total Operating Expenses Opening income Other income and genes) Interest Expense Tural Oher Income and (Expense) Nancome before income Tax Expert 12,530 (2.110) x i Data Table or Virginia Communications ON Income Statement $ 28,000 13,200 14,800 DS ses $ 670 Year Ended July 31, 2018 Net Sales Revenue 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 1,600 ): 2,270 12,530 nd Sit fiell Print Done CI