The following information was taken from Riddell Ltd.’s adjusted trial balance as at April 30, 2020:

Sales revenue.................................................................$1,045,800

Interest revenue ............................................................         7,200

Utilities expense ............................................................      24,000

Insurance expense ........................................................        6,000

Cost of goods sold ........................................................    396,000

Distribution expenses .................................................     230,250

Administrative expenses ............................................       90,250

Depreciation expense .................................................       81,000

Interest expense ..........................................................       16,500

Income tax expense ....................................................       56,700

Dividends declared—Common shares ....................        15,000

Dividends declared—Preferred shares ...................        20,000

Required

a. Prepare a single-step statement of income for the year ended April 30, 2020.

b. Prepare a multi-step statement of income for the year ended April 30, 2020.

c. Determine Riddell’s gross margin percentage for the year.

d. If Riddell had 35,000 common shares outstanding throughout the year, determine the company’s basic earnings per share.