o answer this quiz, please refer to Textbook Exercise- M3 -21 (Equilibrium Riding, Inc.) p. 131. Based on the information provided, you are required to : Prepare an Income Statement for the year endi

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o answer this quiz, please refer to Textbook Exercise- M3 -21 (Equilibrium Riding, Inc.) p. 131.

Based on the information provided,  you are required to :

  1. Prepare an Income Statement for the year ending December 31; and,
  2. Calculate the Net Profit Margin.

Notes:

  • Do not include the dollar sign
  • Do not include the penny value. Round the numbers to the nearest whole number.
  • Use commas to separate numbers/amounts/balances greater than 999. Example: 1,850
  • For the Net Profit Margin, do not forget the “%” sign and round your answer up to 2 decimal places.