Please solve the following blanks and include how you arrived at the answer.

! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold. Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Operating expenses Depreciation expense. Loss on sale of land Interest expense Income tax expense Total expenses Net income 2025 $3,530,000 2024 $3,056,000 2,484,000 1,954,000 1,046,000 1,102,000 959,000 862,000 34,000 29,000 0 8,400 20,000 17,000 8,400 50,000 1,021,400 966,400 135,600 24,600 Assets VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023