The following information was taken from Riddell Ltd s adjusted trial balance as at April 30, 2020 Sales revenue $1,075,300 Interest revenue 6,300 Utilities expense 23,000 Insurance expense 6,100 Cost of goods sold 397,861 Distribution expenses 254,139 Administration expenses 95,000 Depreciation expense 88,000 Interest expense 17,700 Income tax expense 57,600 Dividends declaredCommon shares 16,900 Dividends declaredPreferred shares 21,900 Prepare a multi step statement of income for the year ended April 30, 2020 Riddell Ltd Statement of Income April 30, 2020For the Month Ended April 30, 2020For the Year Ended April 30, 2020 $ Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses $

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The following information was taken from Riddell Ltd.s adjusted trial balance as at April 30, 2020: Sales revenue $1,075,300 Interest revenue 6,300 Utilities expense 23,000

The following information was taken from Riddell Ltd.s adjusted trial balance as at April 30, 2020:

Sales revenue

$1,075,300

Interest revenue

6,300

Utilities expense

23,000

Insurance expense

6,100

Cost of goods sold

397,861

Distribution expenses

254,139

Administration expenses

95,000

Depreciation expense

88,000

Interest expense

17,700

Income tax expense

57,600

Dividends declaredCommon shares

16,900

Dividends declaredPreferred shares

21,900

Prepare a multi-step statement of income for the year ended April 30, 2020.

Riddell Ltd. Statement of Income April 30, 2020For the Month Ended April 30, 2020For the Year Ended April 30, 2020
		$

Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses
Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses





Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses
Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses
Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses


Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses

Gross ProfitNet SalesNet IncomeOperating ExpensesOther Revenue and ExpensesProfit Before Income TaxProfit From OperationsRetained Earnings, May 1, 2019Retained Earnings, April 30, 2020RevenueTotal Operating Expenses		$