Q$6.$ Based on the data below, A$)$ prepare an income statement for Majdo Inc. for the year ended December $31,3023.$ B$).$ Use your results to find out: $1.$ Gross profit margin, $2.$ operating profit margin, $3.$ Net profit margin. C$).$ Show the common$-$size income statement.

D$)$ find EPS

E$)$ What is wrong in the question? $(5$ marks$)$

Total current liabilities $=$$$3,050,200$ Current assets $=$$$4,000,000$ Retained earnings $$500,000,$ Cost of goods sold $$10,080,009$ Marketing and advertising expenses $ $1,520,001$ sales expenses $$1,600,010$ marketable securities $$5,300,600$ Accumulated depreciation $=$$$1,900,200$ Accounts receivable $$1,250,000$ Inventory $$6,500,00,$ Administrative expenses $$1,288,000,$ Depreciation expenses $$620,200$ preferred stocks $=$$$1,000,000,$ Financing expenses $$2,100,100$ Sales $$21,080,800$ Taxes $17\%,$ Note: number of outstanding shares $=2,000,000$