12 The following is Lasell Inc. trial balance for the full year ended 12/31/2016 prior to closing the books of the company. The trial balance is in proper order i.e. current assets, long term assets ......etc. Answer the questions below using information from the trial balance and any additional information provided. Credit 450,000 365,000 100,000 125,000 Account Debit Cash 360,000 Accounts Receivable 150,000 Supplies 50,000 Equipment 1,200,000 Accumulated Depreciation-Equipment Goodwill 400,000 Accounts Payable Note Payable (long-term) Common Stock Treasury stock 50,000 Accumulated Comprehensive Income 25,000 Retained Earnings Net sales revenue Cost of goods sold 2,800,000 Administrative salaries expense 200,000 Sales commissions expense 100,000 Income Tax Expense 150,000 Foreign currency translation (OCI) Additional info: Weighted average shares outstanding 930,000 3,500,000 15,000 150,000 a The foreign currency translation (OCI) of $15,000 is a gain or loss. b Lasell's Gross Margin is: Lasell's regular net income is: d Lasell's Comprehensive Net Income is: Current assets exceed current liabilities by how much: f Lasell's reports its retained earning separately from it's Accumulated Other Comprehensive Income/Loss. What amount of retained earnings will Lasell report in its financials at December 31, 2016. Lasell did not declare nor pay any dividends in 2016 When the books are finally closed, what will be the balance in the Accumulated Comprehensive Income. Indicate if the balance is a net gain or loss h What is the Gross and Net Profit Margins. State your answer as a percent with 2 decimal places. (Ex 5.68%) Gross Margin Net Profit Margin i What was EPS for 2016. State your answer with 2 decimal places. Ex $2.60 Answer here