Current Attempt in Progress An alphabetical list of Sandhills Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable $15,550 Notes payable $42,000 Accumulated depreciation-equipment 14,000 Prepaid insurance 575 Accumulated depreciation-furniture 17,500 R. Smistad, capital 65,750 Cash 19,390 R. Smistad, drawings 80,000 Cost of goods sold 271,800 Rent expense 24,900 Depreciation expense 7,080 Salaries expense 50,800 Equipment 35,000 Salaries payable 2,250 Furniture 42,000 Sales 472,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2,170 Supplies 950 Interest payable 565 Supplies expense 6,325 Merchandise inventory 71,350 Unearned revenue 2,600 Additional information: 1. Of the notes payable, $6,100 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $3,800 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).) SANDHILL COMPANY Income Statement > > > > < 6A > > > +A 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).) SANDHILL COMPANY Income Statement > > > > < 6A > > > +A Prepare a statement of owner's equity. SANDHILL COMPANY Statement of Owner's Equity > $ SA 69 +9 eTextbook 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.) : : SA $ SANDHILL COMPANY Balance Sheet Assets LA Calculate the gross profit margin and profit margin. (Round answers to 1 decimal place, e.g. 52.7%.) Gross profit margin Profit margin eTextbook and Media % %