Chatter Computers reported the information shown as follows: (i) (Click the icon to view the income statement.) (i) (Click the icon to view the balance sheet.) Required 1. Is Chatter Computers a merchandising entity, a service business, or both? How can you tell? List the ifems in Chatter Computers' financial statements that influence your answer. 2. Compute Chatter Computers' gross margin for fiscal years 2023 and 2022. Did the gross margin increase or decrease in 2023 ? Is this a good sign or a bad sign about the company? 3. Write a brief memo to the owner advising her of Chatter Computers' trend of sales, gross margin, and not To: The Owner From: Student Subject: Trend of sales, gross margin, and net income for Chatter Computers In fiscal year 2023, Chatter Computers' sales, gross margin, and net income trends lead to outiook for the company. Chatter Computers reported the information shown as follows: (i) (Click the icon to view the income statement.) (i) (Click the icon to view the balance sheet.) Required 1. Is Chatter Computers a merchandising entity, a service business, or both? How can you tell? List the ifems in Chatter Computers' financial statements that influence your answer. 2. Compute Chatter Computers' gross margin for fiscal years 2023 and 2022. Did the gross margin increase or decrease in 2023 ? Is this a good sign or a bad sign about the company? 3. Write a brief memo to the owner advising her of Chatter Computers' trend of sales, gross margin, and not To: The Owner From: Student Subject: Trend of sales, gross margin, and net income for Chatter Computers In fiscal year 2023, Chatter Computers' sales, gross margin, and net income trends lead to outiook for the company