AP4-12A (Statement of income presentation: basic EPS) The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue $1,045,800 Interest revenue Utilities expense Insurance expense Cost of goods sold Distribution expenses Administrative expenses 7,200 24,000 6,000 396,000 230,250 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