Presented below are the adjusted account balances for Bartowski Industries Ltd. on December 31, 2019, the company's year-end. The accounts presented are in alphabetical order and have normal balances: $ Accounts payable Accounts receivable Accumulated depreciation - buildings Accumulated depreciation - vehicles Administration expenses Buildings Cash Common shares Cost of goods sold Dividends declared Income tax expense Interest expense Interest payable Land Merchandise Inventory Mortgage payable (see additional information below) Prepaid insurance Retained earnings Sales Sales Returns & Allowances Selling expenses Unearned revenue Vehicles 15,200 12,300 22,000 30,410 45,200 225,000 25,770 75,000 115,100 6,700 9,200 5,100 610 89,500 14,600 150,000 2,800 42,550 273,000 5,300 22,100 7,500 37,600 Additional Information: $18,750 of the mortgage payable will be paid in the next year. Required: On the following pages as indicated, prepare the following: 1. A multiple-step Income Statement for the year-ended December 31, 2019 in proper format. (8 marks) 2. Calculate the December 31, 2019 retained earnings balance. Show your work. (2 marks) 3. Prepare the Liabilities and Shareholders' Equity section of the classified Statement of Financial Position at December 31, 2019 in proper format. (7 marks) 2 (7 4. Prepare the closing entries. marks) 5. Calculate the gross profit margin and analyze company performance on page 6. marks) (4