At December 31, 2021, the adjusted trial balance for Strynaster Ltd., for the fiscal year, had the following information: Accounts payable $44,000 Gain on sale of land $5,000 Accounts receivable $70,000 Z Income tax expense $8,800 Accumulated depr Building $10,000 Income tax payable $3,000 Accumulated depr Furniture $12,000 Interest expense $18,800 4/5 Administrative expenses $11,000 Interest income $1,000 Allowance for doubtful accounts $2,900 Interest payable $2,500 Bad debt expense $3,100 Inventory $25,000 Bank loan payable $145,000 Land $200,000 Building Cash Common shares 1 Cost of goods sold I/S Depreciation expense Dividends Freight out $105,000 Prepaid expenses $8,900 $30,000 Retained earnings, opening $240,000 $22,000 2 Sales $195,000 $80,000 Sales discounts $950 $2,500 2 Sales returns and allowances $50 $6,500 Z Selling expenses $3,200 $11,500 Unearned revenue $3,500 Furniture Notes: $100,000 Utilities $600 Strynaster Ltd. uses IFRS. Assume that $35,000 of the bank loan payable will be paid in 2022. During the year the company issued 1,000 common shares for $10,000 in total. All accounts are in their usual normal balance. Required (parts a, b, c, d, e & f): a) Prepare a multiple-step income statement in good form. b) Prepare a statement of changes in equity in good form. c) d) Prepare a classified balance sheet (statement of financial position) in good form What is the company's gross profit margin? c) What is the company's profit margin? f) Does this company use a perpetual or periodic inventory system? How do you know?