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The following trial balance has been prepared for you for the year ended September 30,2022. begin{tabular}{|l|r|r|r|r|} hline Amortization Expense & & $ & 4,000 &
The following trial balance has been prepared for you for the year ended September 30,2022. \begin{tabular}{|l|r|r|r|r|} \hline Amortization Expense & & $ & 4,000 & \\ \hline Utility Expenses & $ & 12,380 & \\ \hline Rent Expense & $ & 4,800 & \\ \hline Wage Expense & $ & 53,460 & & \\ \hline & & & & \\ \hline & $ & 485,980 & $ & 485,980 \\ \hline \hline \end{tabular} Requirements: 1 Prepare the multi-step income statement, statement of retained earnings and balance sheet (using the classified method) for the year-ending September 30, 2022. Marks Available: 2 Calculate the gross profit percentage to one decimal point. Marks Available: 1 3 If opening inventory was $31,490, calculate the inventory turnover for 2022 . Round to the nearest single decimal point
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