The following list of accounts is taken from the December 31,2020 , unadjusted trial balance of Perdu Sales, a business that is owned by Eldon Perdu. Additional information: Accrued sales salaries amount to $4,200. Prepaid selling expenses of $5.700 have expired. Depreciation for the period is $3,500. Required: Assuming a perpetual inventory system, complete the following: a. Journalize the adjusting journal entries. Journal entry worksheet 3 Record the accrual of sales salaries. Note: Enter debits before credits. b. Prepare a classified multiple-step income statement for the year ended December 31,2020. Analysis Component: Assume that for the year ended December 31,2019, net sales were $700,000; operating expenses were $394,000; and there was a loss of $19,000. Calculate the company's gross profit ratios for 2019 and 2020 . (Do not round intermediate calculations. Round your finel answers to 2 decimal places.)