An alphabetical list of Orioles Company adjusted accounts at its fiscal year end, August 31, 2021. follows. All accounts have normal balances $15,570 $42.000 Accounts payable Accumulated depreciation-equipment Accumulated depreciation--furniture 14,000 575 17.500 65.750 Cash 24,910 78,000 272,500 24,200 Cost of goods sold Depreciation expense Notes payable Prepaid insurance R. Smistad, capital R. Smistad, drawings Rent expense Salaries expense Salaries payable Sales Sales returns and allowances Supplies 7,060 50.400 Equipment 35,000 2.250 Furniture 42.000 475.000 16,300 Insurance expense 3.575 Interest expense 2.110 950 Interest payable 585 Supplies expense 6,325 Merchandise inventory 71,350 Unearned revenue 2.600 Additional information: 1. Of the notes payable 56.200 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18.2021. R. Smistad invested $3.500 cash in the business. Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number eg parentheses e.g. (45).) 8:43 4G Expert Q&A Done Calculate the gross profit margin and profit margin (Round answers to 1 decimal place, es 52.7%) Gross profit margin Profit margin %