The following information was taken from the accounting records of Pembroke Ltd. and Deep River Ltd. at October 31, 2020. The two companies are competitors Pembroke Ltd. Deep River Ltd. $ 409,000 $ 156,000 Ending inventory, Oct. 31, 2019 311,000 499.000 Ending inventory, Oct. 31, 2020 5.207.250 Cost of goods sold, 2020 6,408.000 8.010.000 8,678,750 Sales for 2020 Calculate the gross margin, gross margin ratio, and inventory turnover ratio at October 31, 2020, for: 1. Pembroke Ltd. ii. Deep River Ltd. (Round inventory turnover ratio to 1 decimal place, eg. 10.1.) Pembroke Ltd. Deep River Ltd. $ Gross margin Gross margin ratio Inventory turnover ratio times times During the December 31, 2020, inventory count at Deep River Ltd, $ 79,000 of inventory shrinkage was identified. It has not been recorded in the inventory account 1. Prepare the entry to record the inventory shrinkage of $ 79,000. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account and explanation Debit Credit ii. Recalculate Deep River's gross margin, gross margin ratio, and inventory turnover ratio after the adjusting journal entry is made. (Hint: You need to adjust the ending inventory balance for 2020 and the cost of goods sold.) (Round gross margin ratio to 1 decimal place, eg. 10.5% and inventory turnover ratio to 1 decimal place, eg. 8.5.) Deep River Ltd. Gross margin $ Gross margin ratio % Inventory turnover ratio times