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: JUAN REAL ESTATE COMPANY Adjusted Trial Balance At March 31, 2021 Account Titles Debit Credit Cash $ 54,000 Accounts receivable 45,300 Office supplies inventory 350 Automobiles (company cars) 31,000 Accumulated depreciation, automobiles $ 10,500 Office equipment 3,100 Accumulated depreciation, office equipment 1,050 Accounts payable 20,500 Salaries and commissions payable 1,550 Note payable, long term 31,000 Contributed capital (30,000 shares) 36,000 Retained earnings (on April 1, 2020) 7,500 Dividends declared 8,100 Sales commissions earned 77,500 Management fees 13,500 Operating expenses (detail omitted to conserve your time) 49,000 Depreciation expense (including $550 on office equipment) 5,700 Interest expense 2,550 Totals $ 199,100 $ 199,100 Assuming a 40 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.) 2. 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.) 3. Prepare a statement of financial position at the end of the reporting year, March 31, 2021. 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.)