Section 1. Balance Sheet - Overview 1. What are the following amounts at 1/30/21: a. Total Assets b. Total Liabilities C. Total Owner's Equity 2. At 1/30/21: a. What is the percentage of debt used to finance Gap? b. What is the percentage of owner's equity used to finance Gap? C. What is the significance of these two percentages?3. At 1/30/21: a. What percentage of Gap's total assets are current assets? b. What percentage of Gap's total assets are 119W? c. Comment on whether this makes sense when you consider Gap's line of business. Section 2. Income Statement - Overview 1. Is Gap's income statement presented in a single-step or multiple-step format? Why do you think that format was used? 2. What are the following amounts for the year ended 1/30/21: Net Sales Cost of Goods Sold Gross Margin Gross Margin Percentage Operating Income Net Income What is dollar am\"; of change In sales from fy_19_ to 1:5er snoop-99's Section 3. Cash Flow Statement - Overview 1. What are the following amounts for the year ended 1/30/21: a. Cash ows from operating activities b. Cash ows from investing activities c. Cash ows from nancing activities