Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the year, ended March 31, 2021. Juan has also completed a correct trial balance as follows: Assuming a 30 percent tax rate. Required: 1. Prepare a statement of earnings for the reporting year ended March 31, 2021. (Round "Earnings per share" to 2 decimal places Prepare the journal entry to record income taxes for the year (not yet paid). (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) Journal entry worksheet Record income tax expenses Note: Enter debits before credits. 3. Prepare a statement of financial position at the end of the reporting year, March 31, 2021. \begin{tabular}{|l|l|r|} \hline Total noncurrent assets & \multicolumn{1}{|c|}{0} \\ \hline Total assets & \multicolumn{1}{|c|}{0} \\ \hline \multicolumn{2}{|c|}{ Liabilities } & \\ \hline Current Liabilities: & & \\ \hline & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Non-current Liabilities: & & \\ \hline & & \\ \hline Sotal liabilities & & \\ \hline & & \\ \hline Shareholders' Equity & \\ \hline Total shareholders' equity & & \\ \hline \hline \end{tabular} 4. Compute the net profit margin ratio and the return on equity. (Round the final answers to the nearest whole number) 5. Prepare the closing entries at March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 5. Prepare the closing entries at March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry to close expense and tax accounts. Note: Enter debits before credits. 5repare the closing entries at March 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in he first account field.) Journal entry worksheet Record entry to transfer income or loss to retained earnings. Note: Enter debits before credits