Question 2 of 7 ( View Policies Current Attempt in Progress The following information was taken from Riddell Ltd's adjusted trial balance as at April 30, 2020: Sales revenue $1,058,300 Interest revenue 7,200 Utilities expense 25,000 Insurance expense 7,200 Cost of goods sold 402.154 Distribution expenses 240.846 Administration expenses 90,000 Depreciation expense 90,000 Interest expense 16.700 Income tax expense 56.700 Dividends declared-Common shares 17,300 Dividends declared-Preferred shares 22,300 Prepare a single-step statement of income for the year ended April 30, 2000 Riddell Ltd. Statement of Income -/24 eTextbook and Media List of Accounts Prepare a multi-step statement of income for the year ended April 30, 2020 Riddell Ltd. Statement of Income eTextbook and Media List of Accounts Determine Riddell's gross margin percentage for the year. (Round answer to 1 decimal place.eg 52.7%) Gross profit margin 36 sTextbook and Media List of Accounts Ridge had 30,560 common shares outstanding throu hout the year, determine the company's basic earnings per share (Round answer to 2 decimal places, eg 52.75J Basic earnings per share 1 sTextbook and Media List of Accounts T