The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2016:
1. Prepare a single-step statement of income for the year ended April 30, 2016.
2. Prepare a multi-step statement of income for the year ended April 30, 2016.
3. Determine Riddell's gross margin percentage for the year.
4. If Riddell had 35,000 common shares outstanding throughout the year, determine the company's basic earnings per share.