Homework: Week Six: Chapter 10: Problems Score: 0 of 1 pt 5 of 6 (0 complete) P11-29A (similar to) The income statement for Vermont Communications follows. Assume Vermont Communications signed a 120-day, 3%, $5,000 note on June 1, 2016, 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 Vermont's year ended July 31, 2016, income statement. 2. Compute the times-interest-earned ratio for the company Requirement 1. Fill in the missing information for Vermont's year ended July 31, 2016, income statement. (Use a 360-day year for interest computations. Use a minus sign or parentheses to enter other expenses.) i Data Table x Vermont Communications Income Statement Year Ended July 31, 2016 Sales Revenue $ 25,000 Less: Sales Returns and Allowances (5,400) (3,000) Vermont Communications Income Statement Sales Discounts Year Ended July 31, 2016 $ Net Sales Revenue $ 16,600 (10,800) Sales Revenue Less: Sales Returns and Allowances Cost of Goods Sold Gross Profit 25,000 5.400 3,000 5,800 Sales Discounts Net Sales Revenue 16,600 10,800 680 1,550 Cost of Goods Sold Gross Profit 5,800 (2,230) 3,570 Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses) Interest Expense Total Other Revenues and (Expenses) Net Income before Income Tax Expense Income Tax Expense 680 1.550 2,230 3,570 Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses): Interest Expense Total Other Revenues and (Expenses) Net Income before Income Tax Expense Income Tax Expense (710) Net Income ? Enter any number in the edit fields and then click Check Answer. 710 $? part remaining Net Income