The income statement for Utah Communications follows. Assume Utah Communications signed a three-mo (Click the icon to view the income statement.) Requirements 1. Fill in the missing information for Utah's year ended July 31, 2024, income statement. Round to the ne 2. Compute the times-interest-earned ratio for the company Round to two decimals honth, 3%, $80,000 note on June 1, 2024, and that this was the only note payable for the company Data table Utah Communications Income Statement Year Ended July 31, 2024 Net Sales Revenue $ 33,000 10.800 Cost of Goods Sold 22,200 680 1,600 2,280 Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Not Income before Income Tax Expense 19,920 0 20 2 19.920 ? Operating Income Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense ? ? 3,900 Net Income $ Requirement 1. Fill in the missing information for Utah's year ended July 31, 2024, income statement Round to the nearest dollar, Utah Communications Income Statement Year Ended July 31, 2024 Net Sales Revenue $ 33,000 Cost of Goods Sold (10,800) Gross Profit 22,200 Operating Expenses Selling Expenses 680 Administrative Expenses 1,600 Total Operating Expenses (2.280) Operating income 19.920 Other Income and (Expenses) Interest Expense $ Total thrinem Fynana Requirements 1. Fill in the missing information for Utah's year ended July 31, 2024, income statement. Round to the nearest dollar 2. Compute the times-interest-earned ratio for the company. Round to two decimals Operating Expenses Selling Expenses S 680 Administrative Expenses 1.600 Total Operating Expenses (2.280) Operating Income 19,920 Other Income and (Expenses) Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (3,900) Net Income Requirement 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Select the formula and enter the amounts to compute the times-interest-earned ratio. (Round your answer to two decimal places, XXX Times interest-eamed ratio