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please assist me with working iut the following question. this is the third time i am posting it and receiving no feedback. Question #2 (50
please assist me with working iut the following question. this is the third time i am posting it and receiving no feedback.
Question \#2 (50 marks) See Excel file to complete this question. Complete Part 4 in this document. Juan Real Estate Company (orzanized as a corporation on April 1, 2013) has completed the aceoniting cycle for the ywar ended March 31. 2021. Juan has also completed a correct trial balance as follows: Requimat: L. Prepare a statement of earnings for the seporting jear ended March 31, 2021. Include incone tax expense, asuming a 30 percent tax rate. Use the followiag major saptions: revenches, expenses, earnings before incone taxes, income tax expense, net earnings, and earniags per share (list each item under these captions as appropriate). 2. Piepare the journal entry to record iscome tates for the year (not yet paid). 3. Prepare a statement of financial position at the end of the reporting yeat, March 31. 2021. Use the following captions (firt each iten under these captioas as appropriate): 4. Conapute the net protit margin ratio and the retura on equity. What do these ratios sugzest? 5. Puepare the closing entries at March 31. 2021 Step by Step Solution
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