An alphabetical list of Cranes Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances.

Accounts payable		$15,540		Notes payable		$42,000
Accumulated depreciationequipment		14,000		Prepaid insurance		575
Accumulated depreciationfurniture		17,500		R. Smistad, capital		65,750
Cash		24,650		R. Smistad, drawings		78,000
Cost of goods sold		272,200		Rent expense		24,700
Depreciation expense		7,050		Salaries expense		50,300
Equipment		35,000		Salaries payable		2,250
Furniture		42,000		Sales		474,000
Insurance expense		3,575		Sales returns and allowances		16,300
Interest expense		2,150		Supplies		950
Interest payable		585		Supplies expense		6,325
Merchandise inventory		70,450		Unearned revenue		2,600

Additional information: 1. Of the notes payable, $6,400 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $4,500 cash in the business.

1- repare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

2-

Prepare a statement of owners equity.

CRANE COMPANY Statement of Owners Equity choose the accounting period

3-Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Furniture.)

4-

Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, e.g. 52.7%.)

Gross profit margin		enter percentages rounded to 1 decimal place %
Profit margin		enter percentages rounded to 1 decimal place %