Time of 042 25 Credit $45,000 12.000 150.000 adjusted trial balance at December 31, 2020 shows the account in alphabetical order. Help Tutor Adjusted Trial Balance December 31, 2020 Debit Accounts payable Accounts receivable $47,000 Advertising Expense 10.000 Accumulated Amortization Amortization expense 1.000 cash 158,000 Common shares. 5.500 shares issued Computer Hardware 30,000 Computer Software 85,000 Cost of goods sold 582,500 Dividends declared & paid, common 11.500 Shares 125.000 Equipment 16,700 General & administrative Expenses 65,000 Income tax expense Interest expense Interest revenue 1,000 Loss from disposition of equipment 289.000 Office equipment 12.000 Rent expense 1.200 11,000 28.000 Dicends declared palcon 11.50 Time 0:41.50 General administrative Income tax expense interest expense 12000 6.200 9.00 1,200 11.000 1.00 29.000 12.000 Interest revenue oss from disposition of equipment Omce ecument Rent expense Retained earnings Sales revence Selling perses Wages expense Unearned Revenue utrities Expense Totals 28.000 T.500.650 0.750 250.000 50.000 5.000 51.255.650 51.755.650 Required: A) Calculate the 2020 Gross Margin Percentage. Include two decimal points in your answer. Show your work including the formula you are using. (2 marks) B) Assume the Gross Margin Percentage for the year ended December 31, 2019 was 45% and the net income for that year was $105,000. Compare the 2020 results to 2019 and comment on whether the differences were favorable or unfavorable. (2 marks) Compute the basic earnings per share for the year ended December 31, 2020. (1 mark)