AP$4-12$A $($Statement of income presentation: basic EPS$)$ The following information was taken from Thor Ltd$.$s adjusted trial balance as at July $31,2024$:

Sales revenue

$$1,205,700$

Investment revenue

$1,900$

Administration expense

$85,000$

Wages expense

$25,000$

Cost of goods sold

$543,000$

Selling expense

$250,000$

Utilities expense

$60,700$

Depreciation expense

$75,000$

Financing expense

$18,500$

Income tax expense

$75,000$

Dividends declared$$Common shares

$25,000$

Required

Prepare a single$-$step statement of income for the year ended July $31,2024.$

Prepare a multi$-$step statement of income for the year ended July $31,2024.$

If Thor had $60,000$ common shares outstanding throughout the year, determine the company$$s basic earnings per share.

Determine Thor$$s gross margin percentage for the year.