The following information was taken from the accounting records of Chicoutimi Lt. and Jonquire Lte. at December 31,2020 . The two companies are competitors. Calculate the gross margin, gross inargin ratio, and inventory turnover ratio at December 31,2020, for: 1. Chicoutimilte. 11. Jonquierelte. (Round imventory turnover ratio to 1 decimal ploce, ey. 10.1.) During the December 20,2020, irventory count at Chicoutimi Lte,, $71,000 of inventory shrinkage was identified. If had not been recordd in the irventory account. i. Prepare the entry to record the irventory shrinkage of $71,000, /Credit account titles are autematically indented when amount is entered. Do not indent manually if no entry is required, select "No Entry' for the occount titles and enter O for the amaunte! Ti. Recalculate Chicoutimi's gross margin, gross margin ratio, and imentory turnover ratio atter the adiusting jourmal entry is made (Hint You need to adjust the endirgs inventory balance for 2020 and the cost of soods sold) (Round gross murgin mitio fo 1 dheimut place, eg. 10.5% and imentory tumover rutio to 1 decimal place, eg 8.5]