1.create a multi-step income statement

2.calculate the gross profit margin and the profit margin.

Lte reported thefollowing condensed incomestatemen data for the year ended August 31.2018 Marigold Lt Administrative expenses Sales discounts Cost of goods sold Income tax expense Sales revenue Interest expense Selling expenses $ 694,000 105,000 4089000 539.000 7.245,000 279000 268,000