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Question 2) Greathouse Greenhouse is located near the Darlene's Dumplings Bar & Grill. At the end of the company's fiscal year on December 31, 2022,
Question 2) Greathouse Greenhouse is located near the Darlene's Dumplings Bar \& Grill. At the end of the company's fiscal year on December 31, 2022, the following accounts appeared in its adjusted trial balance. Additional Data: $56,800 of the mortgage payable is due within the next year. The remaining portion will be paid after next year. Assume a tax rate of 28%. Instructions (in color): A. Prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet. B. Calculate the profit margin and the gross profit rate (make sure final answer is 2 decimals as a % )
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