6-4A Preparing a Merchandisers Financial Statements Below is the adjusted trial balance of Julies Plumbing Supplies: Julies Plumbing Supplies Trial Balance 31-Mar-24 Debit Credit Cash $24,000 Accounts receivable 18,000 Allowance for doubtful accounts $3,000 Inventory 54,000 Prepaid insurance 6,000 Equipment 125,000 Accumulated depreciation - equipment 20,000 Accounts payable 15,000 Wages payable 7,000 Unearned revenues 5,000 Bank loan payable 84,000 Common shares 1,000 Retained earnings 41,000 Dividends 6,000 Sales revenues 365,000 Sales returns and allowances 25,000 Cost of goods sold 150,000 Wages expense 55,000 Bad debt expense 5,000 Advertising expense 12,000 Utilities expense 2,000 Depreciation expense 6,000 Rent expense 15,000 Insurance expense 10,000 Interest expense 7,000 Income tax expense 21,000 Total $541,000 $541,000 Required: a.) In good form, prepare an income statement for the year ended March 31, 2024. i. Compute the Gross Profit Percentage b.) Assuming no shares were issued or repurchased, prepare a statement of changes in equity for the year ended March 31, 2024. c.) Prepare a balance sheet dated March 31, 2024.