A group of four students started at the beginning of the year a new residential landscaping and snowplowing business, RedBear Landscaping Company (RBLC). The List of Accounts (before closing) is as of the end of their first year of business. Required: 31 1. From the List of Accounts, prepare a well-formatted, multi-step income statement for the year ended as noted. 2. After a year in business, the company asks you to measure how effectively sales and expenses of the business are being managed. Compute the (a) Net Income Margin (NIM) for the company; (b) average NIM for the Industry; and (c) 32 compare, analyzing your results in a narrative. This ratio analysis should be calculated/performed directly on the Income The following industry data is available: 3. Prepare a well-formatted Statement of Stockholders' Equity for the year ended as noted on a Separate Worksheet Reminder: use a separate worksheet for the IS and for the SSE, labeling both worksheets appropriately. Common Errors, do not submit until fixed: IS does not contain 3 subtotals \& 1 total; NIM not calculated for both company \& industry; narrative does not explain specifically what results mean for the company; SSE does not contain formatted beginning balances (even if zero, should be shown $0 or $ - depending on 42 format. Net Income in the SSE not linked to your IS