The following information was taken from Egeland Ltd.s adjusted trial balance as at July 31, 2020:

Sales revenue		$2,761,000
Interest expense		41,000
Cost of goods sold		1,551,682
Utilities expense		18,000
Depreciation expense		219,000
Distribution expenses		415,000
Administration expenses		276,000
Advertising expense		63,000
Interest revenue		21,000
Income tax expense		76,000
Dividends declaredCommon shares		31,000
Dividends declaredPreferred shares		14,818

Prepare a single-step statement of income for the year ended July 31, 2020. Egeland Ltd. Statement of Income $ $ Prepare a multi-step statement of income for the year ended July 31, 2020. Egeland Ltd. Statement of Income $ Determine Egeland's gross margin percentage for the year. (Round answer to 1 decimal place, e.g. 52.7%.) Gross profit margin % eTextbook and Media List of Accounts If Egeland had 86,000 common shares outstanding throughout the year, determine the company's basic earnings per share. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $