Question: please help me with the requirements below Question 4 The following trial balance has been prepared for you for the year ended December 31, 2019,

Question 4 The following trial balance has been prepared for you for the year ended December 31, 2019, including any necessary journal entries. Purity Products Ltd. Trial Balance December 31, 2019 CR DR 59,940 48,120 19,350 63,000 Cash Accounts Receivable - Net of AFDA Inventory Equipment Equipment - Accumulated Amortization Accounts Payable Share Capital Retained Earnings Dividends paid Sales revenue Cost of goods sold Amortization Expense Utility Expenses Rent Expense Wage Expense 12,600 1,790 500 27,320 12,500 242,790 36,650 6,300 12,390 1,800 24,950 285,000 285,000 Requirements: 1 Prepare the multi-step income statement, statement of retained earnings and balance sheet (using the classified method) for the year-ending December 31, 2019. Marks Available: 9 2 Calculate the gross profit percentage to one decimal point. Marks Available: 1 3 If opening inventory was $16,394, calculate the inventory turnover for 2019. Round to the nearest single decimal point Marks Available: 1
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