The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue $1.060,800 Interest revenue 6,400 Utilities expense 26,000 Insurance expense 7,500 Cost of goods sold 392,496 Distribution expenses 234,504 Administration expenses 91,000 Depreciation expense 87.000 Interest expense 15,500 Income tax expense 54,700 Dividends declared-Common shares 17.500 Dividends declared --Preferred shares 22,500 Riddell Ltd. Statement of Income For the Year Ended April 30, 2020 Revenues Sales Revenue 1060800 Interest Revenue 6400 Total Revenues 1067200 I Expenses Cost of Goods Soid 392496 Utilities Expense 26000 Insurance Expense 7500 Distribution Expenses 234504 Administration Expenses 91000 Depreciation Expense 87000 Interest Expense 15500 Income Tax Expense 54700 Total Expenses 908700 Net Income /(Loss) 158500 Prepare a multi-step statement of income for the year ended April 30, 2020, Riddell Ltd. Statement of income For the Year Ended April 30, 2020 Sales Revenue 1060800 Cost of Goods Sold 392496 Gross Proht 668304 Operating Expenses Utilities Expense 26000 Insurance Expense 7500 Distribution Expenses 234504 Administration Expenses 91000 Depreciation Expense 87000 Total Operating Expenses 446004 Profit From Operations 223300 Other Revenue and Expenses Interest Expense 15500 Interest Reverse 6400 Other Revenue and Expenses 9100 Income Tax Expense S6700 Net Income 158500 Determine Riddell's gross margin percentage for the year. (Round answer to 1 decimal place, eg. 52.7%) Gross profit margin % List of Accounts If Riddell had 34,000 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