The Scary Larry Co. sells Halloween costumes. It just completed its second year of business. The following adjusted trial balance at December 31, 2020 shows the accounts in alphabetical order: Scary Larry Co. Adjusted Trial Balance December 31, 2020 Debit Credit Accounts Payable $35,000 Accounts Receivable $ 75,000 Cash 215,000 Common shares, 30,000 shares issued 145,000 Cost of goods sold 228,000 Dividends declared 10,000 5,000 Interest expense Operating expenses Retained Earnings Sales Tax expense Totals Required. In the space provided below: 1. Prepare a multi-step income statement for Scary Larry Co. for the year ended December 31, 2020 in good format. 2. 220,000 38,000 570,000 35,000 $788,000 $788,000 Calculate the Gross Margin Percentage for the year ended December 31, 2020. Round percentages to two (2) decimal places. Eg. 2.01% The formula is: Gross Margin Percentage = Gross margin (or gross profit) Sales 3. Calculate the Basic Earnings Per Share for the year ended December 31, 2020. Round answer to two (2) decimal places. Eg. $2.01 The formula is: Basic Earnings Per Share = Net income - dividends to the preferred shareholders Number of common shares