* Your answer is incorrect. Prepare a retained earnings statement. (List items that increase retained earnings first.) eTextbook and Media List of Accounts CARLA VISTA DEPARTMENT STORE Retained Earnings Statement $

Prepare a retained earnings statement. (Ust items that incraase retained eaminas first.) Carla Veta Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shoppine centers have been attracting business away from city areas At the end of the compary's fiscal year on November 30.20e5, these accounts apoeared in its adiusted trial halance. Calculate the profit margin and the gross profit rate. Pound onswessto 1 desind place es. 15.249 . Profit margin Gross profit rate 48 eTextbook and Media List of Accounts The vice president of marketing and the director of human resources have developed broposal whereby the comparry would compensate the sales force on s strictly camenission basis. Given the increased incentive, they cepect net sales to increase by 15k Asia result, they estimate that gross profit will increase by 598.580 and expenses by $134.620 Compute the espected new net income (Hlint. Youdo not need to prepare an income statement.) Ther, compute the revised profit marginand gross profit rate