An alphabetical list of Orioles Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable $15,570 Notes payable $42,000 Accumulated depreciation-equipment 14,000 Prepaid insurance 575 Accumulated depreciation-furniture 17,500 R. Smistad, capital 65,750 Cash 24,910 R. Smistad, drawings 78,000 Cost of goods sold 272,500 Rent expense 24,200 Depreciation expense 7,060 Salaries expense 50,400 Equipment 35,000 Salaries payable 2,250 Furniture 42,000 Sales 475,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2,110 Supplies 950 Interest payable 585 Supplies expense 6,325 Merchandise inventory 71,350 Unearned revenue 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. ORIOLE COMPANY Income Statement For the Year Ended August 31, 2021 Sales $ Less : Sales Returns and Allowances $ $ $ e Textbook and Media Prepare a statement of owner's equity. ORIOLE COMPANY Statement of Owner's Equity $ $ $ e Textbook and Media Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Equipment and Furniture.) ORIOLE COMPANY Balance Sheet Assets 4 $ $ $ $ $ $ Liabilities and Owner's Equity $ $ e Textbook and Media Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, e.g. 52.7%.) Gross profit margin % Profit margin %