The income statement for New YorkCommunications follows. AssumeNew YorkCommunications signed a 3-month,3%,$110,000note onJune1,2018,and that this was the only note payable for the company.

The income statement for New York Communications follows. Assume New York Communications signed a 3-month, 3%, $110,000 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 New York'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 Net Sales Revenue $ 30,000 Cost of Goods Sold (10,800) Gross Profit 19,200 Operating Expenses Selling Expenses $ 670 Administrative Expenses 1,600 Total Operating Expenses (2,270) Operating Income 16,930 Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (3,280) Net Income