An alphabetical list of Carla Vistas Company's adjusted accounts at its fiscal year end, August 31, 2017, follows. All accounts have normal balances. Accounts payable Accumulated depreciation-equipment Accumulated depreciation-furniture Cash Cost of goods sold Depreciation expense Equipment Furniture Insurance expense Interest expense Interest payable Merchandise inventory $15,500 14,000 17,500 13,840 272,200 7,000 35,000 42,200 3,575 2,130 545 70,350 Notes payable Prepaid insurance R. Smistad, capital R. Smistad, drawings Rent expense Salaries expense Salaries payable Sales Sales returns and allowances Supplies Supplies expense Unearned revenue $42,000 575 65,750 80,000 24,600 50,100 2,250 465,000 16,300 950 6,325 2,600 Additional information: 1. Of the notes payable, $6,500 becomes due on February 17, 2018. The balance is due in 2019. 2. On July 18, 2017, R. Smistad invested $4,100 cash in the business. Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Furniture.) CARLA VISTA COMPANY Balance Sheet Assets Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, e.g. 52.7%.) Gross profit margin Profit margin