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 $3,200. Prepaid selling expenses of $5,200 have expired. Depreciation for the period is $2,500. Required: Aciditional information: Accrued sales salaries amount to $3,200. Prepald selling expenses of $5.200 have expired. Depreciatien for the poriod is $2.500 Required: Assuming a perpetual inventory system, complete the following a. Journalize the adjusting journal entries. Journal entry worksheet Journal entry worksheet 3 Record the selling expenses incurred for the year. Note: Enter deblts before credits. Journal entry worksheet Record the depreciation expenses for the year. Note: Enter debits before credits. b. Prepare a classified multiplesstep income statement for the year ended December 31,2020 . Analysis Component: Assume that for the year ended December 31,2019 , net sales were $600,000; operating expenses were $344,000; and there was a loss of $14,000. Calculate the company's gross profit ratios for 2019 and 2020 . (Do not round intermediate calculations. Round your final answers to 2 decimal places.)