pic 1 & 2 are to help answer the question below (Preparing Financial Position for the year)

question:

Prepare a multiple-step statement of income for the year. GROUPER FURNITURE LIMITED Statement of Income For the Year Ended March 31, 2021 Sales Cost of Goods Sold Gross Profit Operating Expenses Office Expense 24.960 i Freight Out 177.600 i Advertising Expense 72.000 i Utilities Expense 28.800 i Depreciation Expense 123.920 i Rent Expense 57.600 i Salaries Expense 446,400 i Travel Expense 12.000 i Total Operating Expenses Income From Operations Other Income and Expenses Interest Expense Income Before Income Tax Income Tax Expense Net Income (Loss) Prepare a multiple-step statement of income for the year, GROUPER FURNITURE LIMITED Statement of Income For the Year Ended March 31, 2021 52782464 ods Sold 4.1722256 i It 1.610.208 Expenses pense 24.960 i ut 177.600 i ing Expense 72.000 i Expense 28.800 i ition Expense 13.920 i ente 57.600 i Expense 446.400 Dense 12.000 i ating Expenses 833.280 i om Operations 776.928 me and Expenses o Espense 34 560 fore income Tax 242300 Expense 192.000 (Loss) SSO 3 Prepare a statement of financial position for the year. (List Current Assets in order of liquidity.) GROUPER FURNITURE LIMITED Statement of Financial Position Assets | $ Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity = S eTextbook and Media Prepare a statement of financial position for the year. (List Current Assets in order of liquidity) GROUPER FURNITURE LIMITED Statement of Financial Position Assets $ Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity $ $ Grouper Furniture Umited reports the following information for 11 months of the year in its February 28, 2021. trial balance. The company's year end is March 31 GROUPER FURNITURE LIMITED Trial Balance February 28, 2021 Debit Credit Cash $62.400 Accounts receivable 336.000 Inventory 2.640,000 7.200 4800 Supplies Prepaid rent Equipment Accumulated depreciation equipment Accounts payable 139 200 $27.840 1.488,000 Deferred revenue 33,600 Bank loan payable 432.000 Common shares 192.000 Retained earnings 528.480 Dividends declared 48.000 Sales 095.104 3,690,144 Cost of goods sold Advertising expense Freight out 72000 172.800 Othce expense 24,960 Rent expense 52.800 Salaries expense 345,600 Travel expense 12.000 Utilities expense 19:200 Interest expense 25.920 Income tax expense 144.000 $7.797024 $7.797,024