Lilly Co. sells Easter products. It just completed its second year of business. The following adjusted trial balance at December 31, 2020 shows the accounts in alphabetical order: Lilly Co. Adjusted Trial Balance Accounts Payable December 31, 2020 Debit Credit $35,000 Accounts Receivable $ 75,000 Cash 215,000 Common shares, 30,000 shares issued 145,000 Cost of goods sold 250,000 Dividends declared common shares 10,000 Interest expense 5,000 Operating expenses 225,000 Retained Earnings 30,000 600,000 Sales revenue Tax expense TOTAL 30,000 $810,000 $810,000 Required: Do all 3 requirements: 1. Prepare a multi-step income statement for Lilly Co. for the year ended De Time left 1:35:13 2020 in a good format. 2. 3. Calculate the Gross Profit Percentage for the year ended December 31, 2020. Calculate the Basic Earnings Per Share for the year ended December 31, 2020. 7 A- B I 1. Multi-step income statement !!! III Lilly Co. Statement of Income For the Year Ended December 31, 2020