Farm Safe, Inc. sells agribusiness related clothing that is fashionable, yet meets safety guidelines for agribusiness use. The store is based in Morgantown, WV, and has a fan base of young women in agriculture, that want to look trendy but also be safe while they work. Below is the store's adjusted year-end trial balance dated December 31, 2020. Instructions a. Prepare an income statement for Hendry's Boutique dated December 31, current year. b. Compute the store's gross profit margin as a percentage of net sales. c. Do the store's customers seem to be satisfied with their purchases? Defend your answer. d. Explain how you can tell that the business records inventory purchases net of any purchase discounts. e. The store reports sales taxes payable of $3.840 in its adjusted trial balance. Explain why it does not report any sales taxes expense. f. Which accounts appearing in the store's adjusted trial balance comprise its operating eycle