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The following information was taken from Egeland Ltd's adjusted trial balance as at July 31, 2020: Sales revenue Interest expense Cost of goods sold Utilities
The following information was taken from Egeland Ltd's adjusted trial balance as at July 31, 2020: 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 $2.769.000 44,000 1.561,716 16,000 216,000 412,000 280,000 66,000 17,000 81,000 33.000 12,084 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 $ S Determine Egeland's gross margin percentage for the year. (Round answer to 1 decimal place, eg. 52.7%) Gross profit margin eTextbook and Media List of Accounts If Egeland had 72.000 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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