$\backslash$table$[[$Sale$,,$$$130,000],[$Cost of goods sold,,$ $97,000],[$Gross Profit,,$ $33,000],[$Operating Expenses,$$30,000,],[$Gain on Sale of equipment,$ $(1,000),$$ $29,000],[$Profit from Operations,,$ $4,000],[$Other expenses,,$],[$Interest Expense,,$ $200],[$Profit before Income Tax,,$ $3,800],[$Income Tax Expense,,$ $1,550],[$Profit$,,$$ $2,250]]$

Additional Information:

Operating expenses include depreciation expense of $$3,500,000$

Accounts Payable related to the purchase of inventory

Equipment that cost $$3,900,000$ was sold at a gain of $$1,000,000$

New equipment was purchased during the year for $$2,500,000$

Dividends declared and paid in $204$ totaled $$1,900,000$

Common shares were sold for $$2,000,000$ cash

Interest payable in $204$ was $$240,000$ greater than interest payable in $203$

The interest coverage at December $203$ was:

Equal or below $3\mathrm{.}74$

Not enough data

Between $7\mathrm{.}5$ and $15$

Between $3\mathrm{.}75$ and $7\mathrm{.}49$