unications, Inc. foll - X 4, and that this was the only note payable for the company. it.) Data table vania's year ended Pennsylvania Communications, Inc. for the company. R Income Statement Year Ended July 31, 2024 Net Sales Revenue $ 33,000 Cost of Goods Sold 11,000 or Pennsylvania's computations. Use a minus sign or parentheses to enter other expenses.) Gross Profit 22,000 ations, Inc. Operating Expenses: ant Selling Expenses $ 690 2024 Administrative Expenses 1,550 Total Operating Expenses 2,240 Operating Income 19,760 Other Income and (Expenses): $ 690 Interest Expense ? 1,550 Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense 3,650 $ ? Print DoneThe income statement for Pennsylvania Communications, Inc. follows. Assume Pennsylvania Communications, Inc. signed a three-month, 9%, $100,000 note on June 1, 2024, 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 Pennsylvania's year ended July 31, 2024, income statement. Round to the nearest dollar. Compute the times-interest-earned ratio for the company. Round to two decimals. Requirement 1. Fill in the missing information for Pennsylvania's year ended July 31, 2024, income statement. Round to the nearest dollar. (Use a 12-month year for interest computations. Use a minus sign or parentheses to enter other expenses.) Pennsylvania Communications, Inc. Income Statement Year Ended July 31, 2024 Net Sales Revenue $ 33,000 Cost of Goods Sold (11,000) Gross Profit 22,000 Operating Expenses: Selling Expenses 690 Administrative Expenses 1,550 Total Operating Expenses 2,240) Operating Income 19,760 Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense 3,650) 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-earned ratioe folla - X - X Requirements lue of Data table noun 1. Answer the following questions about George's bonds payable: Long-term Liabilities: a. What is the maturity value of the bonds? I cas Bonds Payable 300,000 b. What is the carrying amount of the bonds at December 31, 2026? (12,000) c. What is the semiannual cash interest payment on the bonds? ense Less: Discount on Bonds Payable S 288,000 d. How much interest expense should the company record each year? then c 2. Record the June 30, 2026, semiannual interest payment and amortization of discount. Jun ACCO Print Done Print DoneGeorge's Hamburgers issued 7%, 10-year bonds payable at 95 on December 31, 2024. At December 31, 2026, George reported the bonds George's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line payable as follows: amortization method.) (Click the icon to view the bonds payable.) Read the requirements. Requirement 1. Answer the following questions about George's bonds payable: a. What is the maturity value of the bonds? b. What is the carrying amount of the bonds at December 31, 2026? c. What is the semiannual cash interest payment on the bonds? d. How much interest expense should the company record each year? Requirement 2. Record the June 30, 2026, semiannual interest payment and amortization of discount. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2026 Jun. 30ectionless Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 's debt to equity ratio at December 31, 2024. X s on the Directionless Wireless Data table Directionless Wireless Balance Sheet (Partial) Accounts Payable $ 71,000 Salaries Payable $ 11,500 December 31, 2024 Mortgages Payable (long-term) 75,000 Bonds Payable (current portion) 21,000 Interest Payable 22,000 Premium on Bonds Payable 8,000 Bonds Payable (long-term) 61,000 Unearned Revenue (short-term) 3,200 Total Stockholders' Equity 145,000 Print DoneThe accounting records of Directionless Wireless include the following as of December 31, 2024: (Click the icon to view the accounting records.) Requirements I. Report these liabilities on the Directionless Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Directionless Wireless's debt to equity ratio at December 31, 2024. Requirement 1. Report these liabilities on the Directionless Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. Directionless Wireless Balance Sheet (Partial) December 31, 2024 Plus: Total Liabilities Requirement 2. Compute Directionless Wireless's debt to equity ratio at December 31, 2024. (Round the debt to equity ratio to two decimal places, XXX.) Debt to equity ratio