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AP 4 - 1 2 B ( Statement of income presentation: basic EPS ) The following information was taken from Egeland Ltd . ' s
APB Statement of income presentation: basic EPS The following information was taken from Egeland Ltds adjusted trial balance as at July :
Required
a Prepare a singlestep statement of income for the year ended July
b Prepare a multistep statement of income for the year ended July
c Determine Egeland's gross margin percentage for the year.
d If Egeland had common shares outstanding throughout the vear. determine the companv's basic earnings per share,
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