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The following information was taken from Egeland Ltd's adjusted trial balance as at July 31, 2020: $2,781,000 44,000 1,551,798 17,000 217,000 418,000 Sales revenue Interest
The following information was taken from Egeland Ltd's adjusted trial balance as at July 31, 2020: $2,781,000 44,000 1,551,798 17,000 217,000 418,000 Sales revenue Interest expense Cost of goods sold Utilities expense Depreciation expense Distribution expenses Administration expenses Advertising expense Interest revenue Income tax expense Dividends declared --Common shares Dividends declared --Preferred shares 278,000 63,000 20,000 82,000 31,000 12,752 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, eg. 52.7%.) Gross profit margin % e Textbook and Media List of Accounts If Egeland had 81,000 common shares outstanding throughout the year, determine the company's basic earnings per share. (Round answer to 2 decimal places, eg. 52.75.) Basic earnings per share $
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