1. From the following list of balance sheet and income statement account balances for Castle Cruises Corporation, prepare an income statement for the year ended November 30, 2020. (Amounts are reported in millions of Canadian dollars.) 2. Explain what the results suggest about the cruise ship company's operating performance. For the same period last year, net income was $1,990,000,000 (in Canadian dollars) and net profit margin was 15.3 percent. Transportation Expenses - Passenger Ticket Revenue Onboard Revenue Food Expenses $2.232 Wages Expense $1,470 Selling Expenses $1,629 11,210 Fuel Expenses 1,774 Prepaid Expenses 267 3,436 Accounts Payable 512 Ship Expenses 4.308 856 Income Tax Expense 47 Deferred Revenue 2.519