Q3) GIVEN THE FOLLOWING INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. MAKE ITS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION AMORTIZATION) /DEPRCIABLE ASSETS (2020) 5 MARKS EACH STATEMENT, 2.5 MARKS FOR RATIOS SALES 81,000 BEGRE 1620 1620 INSTALLMENT NOTES CONTINGENCIES AND 5670 PENSIONS 56,700 DIVIDENDS EXPENSE 2025 405 OPERATING LEASE 1215 PURCHASES BEG INVENTORY ENDING INVENTORY SUPPLIES EXP 16,200 24,300 DRAWINGS BEG OE 8,100 4,050 COMMON STOCK 8,100 1215 2,025 TREASURY STOCK ADVERTISINGE EXP DEPRECIATION EXP (BUILDING AND EQUIPMENT) 972 810 PREFERED STOCK PAID UP CAPITAL IN EXCESS 810 1215 RENT EXPENSE AMORTIZATION EXP INTEREST EXP 567 CURRENT ASSETS 16,200 648 12150 NWC BUILDING AND EQUIPMENT,NET 1,215 32,400 DIVIDEND INCOME INTEREST INCOME 567 11340 COPY RIGHTS.NET LONG TERM INVESTEMENTS 12% 12960 TAX EXP LOSS DUE TO SALE OF FA LONG TERM DEBT 810 30,087 Q3) GIVEN THE FOLLOWING INFORMATION (YEAR END 2020) ABOUT PLUTO INCOPORTATION. MAKE ITS INCOME STATEMENT (2020) STATEMENT OF RETAINED EARNINGS (2020) STATEMENT OF OWNERS EQUITY (2020) BALANCE SHEET (2020) CALCULATE AND INTERPRET GROSS PROFIT MARGIN (2020) CALCULATE AND INTERPRET (DERECIATION AMORTIZATION) /DEPRCIABLE ASSETS (2020) 5 MARKS EACH STATEMENT, 2.5 MARKS FOR RATIOS SALES 81,000 BEGRE 1620 1620 INSTALLMENT NOTES CONTINGENCIES AND 5670 PENSIONS 56,700 DIVIDENDS EXPENSE 2025 405 OPERATING LEASE 1215 PURCHASES BEG INVENTORY ENDING INVENTORY SUPPLIES EXP 16,200 24,300 DRAWINGS BEG OE 8,100 4,050 COMMON STOCK 8,100 1215 2,025 TREASURY STOCK ADVERTISINGE EXP DEPRECIATION EXP (BUILDING AND EQUIPMENT) 972 810 PREFERED STOCK PAID UP CAPITAL IN EXCESS 810 1215 RENT EXPENSE AMORTIZATION EXP INTEREST EXP 567 CURRENT ASSETS 16,200 648 12150 NWC BUILDING AND EQUIPMENT,NET 1,215 32,400 DIVIDEND INCOME INTEREST INCOME 567 11340 COPY RIGHTS.NET LONG TERM INVESTEMENTS 12% 12960 TAX EXP LOSS DUE TO SALE OF FA LONG TERM DEBT 810 30,087