6-4B - Preparing a Merchandiser's Financial Statements Below is the adjusted trial balance of Fred's Fishing Gear Fred's Fishing Gear Trial Balance August 31, 2024 Credit Debit $85,000 128,000 $14,000 431.00 12,000 2611 45,000 12.100 185,000 9,00 431.00 Las Accounts rouvablo Allora ance for doubtful accounts Incalar Prepaid rent for uit Accumulated depreciation equipment Acesnis palle: Salaries ayahle Cheral v Long tenn nate payable Cumulus Recalled ounines Divine Sales revenues Sales round 1% Cost otsoods sold Salix caps Lad debt experise Marketing Lcilities expected Depreciation USC keer expense Riquis expose Interest expense Income case Total 12.000 X53.00 20.000 360,000 125.000 35.000 15,000 28.000 11,000 18.00 11,000 SL633,0 SL635,000 Required: 4.) In good form, prepare an income statement for the year caded August 31, 2024, i Compute the Gross Profit Percentage 13.) Assuming no shares were issued or repurchased, prepare a statemeril of changes in equily a for the year coded August 31, 2024. c.) Prepare a balance sheet clated August 31, 21/24. SI