Financial ratios computed for Whittaker Inc. include the following: Current ratio 1.9 to 1 Acid-test ratio 1.3 to 1 Debtfequity ratio 2.8 to 1 Inventory turnover 4.5 times Accounts receivable turnover 6.3 times Times interest earned 5.38 times Gross pro-Fit ratio 48% Return on investment 15.88% Earnings per share $19.14 All sales during the year were made on account. Cash collections during the year exceeded sales by $11,000, and no uncollectible accounts were written off. The balance of the accounts receivable account was $55,000 on January 1, 2020. No common stock was issued during the year. Dividends declared and paid during the year were $6,244. The balance of the inventory account was $22,560 on January 1, 2020. Interest expense on the income statement relates to the 15% bonds payable; $10,000 of these bonds were issued on May I, 2020; the remaining amount of bonds payable were outstanding throughout the year. All bonds were issued at face amount. Required: 3. Complete the income statement and balance sheet for Whittaker Inc. Sales Cost of goods sold Gross prot Operating expenses Income from operations Interest expense Income before taxes Income taxes (20%) Net inoome