Presented below are the adjusted account balances for Bartow Industries Ltd. on December 31, 2019, the companys year-end. The accounts presented are in alphabetical order and have normal balances:

Accounts payable	$ 9,275
Accounts receivable	14,200
Accumulated depreciation buildings	22,000
Accumulated depreciation vehicles	30,410
Administration expenses	47,900
Buildings	222,600
Cash	15,370
Common shares	78,000
Cost of goods sold	133,600
Dividends declared	7,100
Income tax expense	16,075
Interest expense	5,100
Interest payable	1,200
Land	89,500
Merchandise Inventory	14,600
Mortgage payable (see additional information below)	150,000
Prepaid insurance	2,800
Retained earnings	53,560
Sales	275,100
Sales Returns & Allowances	5,600
Selling expenses	18,900
Unearned revenue	8,900
Vehicles	35,100

Additional Information:

$17,600 of the mortgage payable will be paid in the next year.

Please Help with this

1. A multiple-step Income Statement for the year-ended December 31, 2019 in

proper format.

2. Calculate the December 31, 2019 retained earnings balance.
3. Prepare the Liabilities and Shareholders Equity section of the classified Statement of Financial Position at December 31, 2019 in proper format. (7 marks)
4. Prepare the closing entries.

5. Calculate the gross profit margin and analyze company performance.