Financial statements All parts of this question refer to the financial statements of Richelieu Hardware Ltd. for the years ended November 30, 2020 and November 30, 2019. (The Richelieu Hardware financial statements were distributed earlier. A copy is also posted on the Examination Announcement.) In this question, fiscal 2020 means the year end/year ended November 30, 2000; fiscal 2019 means the year end/year ended November 30, 2019. Richelieu or Company refers to Richelieu Hardware Ltd. Units are as given in the statements. Disregard the CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME; also, disregard any references to accounting information for 2018. Answer in the space BELOW each question. Use as much space as you needed. Required Answer all 6 parts of this question, A to F. A. (4 marks) In your own words, explain what the balance in the account retained earnings on the balance sheet represents at any particular time. Answer: B. (3 marks) What was Rona's markup as a percentage of revenues in fiscal 2012? Show the calculation. Answer: C. (6 marks) Amortization of property plant and equipment and right-of-use assets, and Amortization of intangible assets for fiscal 2019 and 2020 are shown as adjustments to net earnings in the OPERATING ACTIVITIES section of the Consolidated Statements of Cash Flow. In which direction is this adjustment being made (Le., are the adjustments being added or subtracted) and why are they being added or subtracted?