The following information was taken from Thor Ltd.’s adjusted trial balance as at July 31, 2024:

Required 

a. Prepare a single-step statement of income for the year ended July 31, 2024. 

b. Prepare a multi-step statement of income for the year ended July 31, 2024. 

c. If Thor had 60,000 common shares outstanding throughout the year, determine the company’s basic earnings per share. 

d. Determine Thor’s gross margin percentage for the year.

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Sales revenue Investment revenue Administration expense Wages expense Cost of goods sold Selling expense Utilities expense Depreciation expense Financing expense Income tax expense Dividends declared-Common shares $1,205,700 1,900 85,000 25,000 543,000 250,000 60,700 75,000 18,500 75,000 25,000