Baskin Robbins $$ Sales $*$ $$2,454,000$ Cash $$27,000$ Cost of Goods Sold $1,594,000$ Accounts Receivable$($net$)***262,000$ Gross Margin $860,000$ Inventory $110,000$ Operating Expenses $632,000$ Prepaid Expenses $7,000$ Depreciation Expense $31,000$ Plant and Equipment$($net$)704,000$ Operating Income $197,000$ $$1,110,000$ Interest Expense $43,000$ Accounts Payable and Accrued Liabilities $$173,000$ Income before Income Tax $154,000$ Long$-$Term Debt $310,000$ Income Tax Expense $62,000$ Common Shares$**200,000$ Net Income$($Loss$)92,000$ Retained Earnings $427,000$ $$1,198,000**$ Avg. common shares issued and outstanding shares $25,000***$ A$/$R for $2013$ was$230,000$ Equity for $2013$ was $620000$ Total Assets for $2013$ was $1,000,000$ Inventory for $2013112,000$ Dividend $201455,000$ calculate $1.$Financial Statements in CAD Dollars $2.$Using the numbers from the two income statements, fill in the percentages calculated for the common$-$sized vertical analysis, then discuss which company seems to have a better financial advantage or position while referencing specifics in your calculations' $3.$ Standard Income Statement