Question 1 The following details are from the accounting records of Gulf Shore Limited for the year ended April 30: Below are the inventories. Required: a) Prepare a schedule of cost of goods manufactured for the year ended April 30. (30 marks) b) Prepare the cost of goods sold section of Gulf Shore Limited's income statement for the year ended April 30. (15 marks) Question 2 Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Required: a. Prepare a traditional income statement for the quarter ended December 31. (15 marks) b. Prepare a contribution format income statement for the quarter ended December 31. (25 marks) c. What was the contribution toward fixed expenses and profits for each snowboard sold during the quarter? (5 marks) d. What would operating income be if only 1,500 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 1,500 snowboards. (10 marks)