Hello,

please help me by correcting my mistakes (in red).

thanks

last question is asking to prepare the closing entries at March 31,2024. I got the "record entry to transfer income or loss to retained earnings" wrong:

4. Compute the net profit margin ratio and the return on equity. (Round the final answers to the nearest whole number) Answer is complete but not entirely correct. Dorrect. Juan Real Estate Company (organized as a corporation on April 1, 2013) has completed the accounting cycle for the year ended March 31, 2024. Juan has also completed a correct trial balance as follows: Assuming a 30 percent tax rate. Required: Required: 1. Prepare a statement of earnings for the fiscal year ended March 31, 2024. (Round "Earnings per share" to 2 decimal places.)