An alphabetical list of Orioles Company adjusted accounts at its fiscal year end, August 31, 2021, follows. $42.000 Accounts payable Accumulated depreciation-equipment Accumulated depreciation-furniture 575 65,750 Cash 78.000 Cost of goods sold 24.200 Depreciation expense 50,400 $15,570 14,000 17,500 24.910 272,500 7.060 35.000 42.000 3.575 2.110 585 71.350 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 Equipment 2.250 Furniture 475.000 Insurance expense 16,300 Interest expense 950 Interest payable 6.325 Merchandise inventory 2.600 Additional information: 1. Of the notes payable $6.200 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. ORIOLE COMPANY Income Statement ORIOLE COMPANY Statement of Owner's Equity ORIOLE COMPANY Balance Sheet Assets Liabilities and Owner's Equity Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, eg. 52.7%.) Gross profit margin Profit margin