The following information was taken from Egeland Ltd.'s adjusted trial balance at July 31, 2024: Required a) Prepare a single-step statement of income for the year ended July 31, 2024. b) Determine Webber's gross margin percentage for each year. In which year was Webber more successful in this area? c) Did the year with the superior gross margin percentage also have the largest net income? Explain why this may or may not be the case