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m/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Emma's Alterations Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit Cash $600,538 Accounts Receivable 51,689 199,430 Equipment Merchandise Inventory 171,744 Accounts Payable $236,893 502,200 Common Stock Sales 397,493 Interest Revenue 100,976 Rent Revenue 65,100 Sales Salaries Expense 27,250 Office Supplies Expense 6,503 Sales Discounts 61,347 Interest Expense 3,570 Sales Returns and Allowances 55,532 Cost of Goods Sold 90,800 Rent Expense 10,400 Depreciation Expense-Office Equipment 8,560 Tnetinando Furance 3421 Check My Work eBook Cost of Goods Sold 90,800 Rent Expense 10,400 Depreciation Expense-Office Equipment 8,560 Insurance Expense 3,421 Advertising Expense 11,878 Totals $1,302,662 $1,302,662 A. Use the data provided to compute net sales for 2019. 280,614 B. Compute the gross margin for 2019. 189,814 C. Compute the gross profit margin ratio (rounded to nearest hundredth). D. Prepare a simple income statement for the year ended December 31, 2019. Emma's Alterations Simple Income Statement For Year Ended December 31, 2019 Revenues: Net Sales 280,614 Rent Revenue 65,100 Interest Revenue 100,976 Check My Work er 8 Homework X CengageNOWV20 x 6.6 Describe and Preix = 6.6 Describe and Prer X The Main Reason Pea m/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook D. Prepare a simple income statement for the year ended December 31, 2019. Emma's Alterations Simple Income Statement For Year Ended December 31, 2019 Revenues: Net Sales 280,614 Rent Revenue 65,100 Interest Revenue 100,976 446,690 Total Revenues Expenses: Cost of Goods Sold 90,800 Total Selling Expenses Total General and Administrative Expenses 39,128 22,054 X Interest Expense 3,570 Total Expenses 162,382 Net Loss X 284,308 E. Prepare a multi-step income statement for the year ended December 31, 2019 Emma's Alterations Multi-step Income Statement For Year Ended December 31, 2019 Sales 397,493 Check My Work