Bold Interiors reported the following transactions in April 2020: (Click on the icon to view the transactions.) Requirements 1. Record the transactions for the month of April assuming the periodic inventory system is used. 2. Prepare a partial income statement through gross profit for the month ending April 30, 2020. 3. Assume it is the company's year-end. Prepare the end-of-period entries to update inventory and record cost of goods sold. 4. Assume last month's gross profit percentage was 32%. Has this improved or declined in April? What likely accounts for this change?