Based on the data below, A) prepare an income statement for ABC Co. for the year ended December 31, 2023. B). Use your results to find out: 1. Gross profit margin, 2. operating profit margin, 3. Net profit margin. C). Show the common-size income statement. D) find EPS E) What is wrong in the question?

Total current assets= $ 3,000,000 Retained earnings $500,000 Treasury stocks $ 500000 Cost of goods sold $9,000,050 Marketing and advertising expenses $ 120,001 sales expenses $1,300,014 marketable securities $ 2,300,000 Sales $25,050,200

Accounts receivable $1,550,000 Inventory $ 9,500,000 other operating expenses $1,200,000 Depreciation expenses $ 185,000 Financing expenses $ 560,108 Taxes 16% Bonds $ 200,00 Total equities $ 8,000,000

Note: number of outstanding shares = 2,000,000