I am unsure of how to do part 3, I have all the information correct above in Parts 1 & 2. Can you please show the steps. Thank you.

Required information Problem 6-6A Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value (LO6-2, 6-3, 6-4, 6-5, 6-6) [The following information applies to the questions displayed below.] At the beginning of October, Bowser Co.'s inventory consists of 66 units with a cost per unit of $34. The following transactions occur during the month of October October 4 Purchase 114 units of inventory on account from Waluigi Co. for $50 per unit, terms 2/10, n/30. October 5 Pay cash for freight charges related to the October 4 purchase, $445. October 9 Return 25 defective units from the October 4 purchase and receive credit. October 12 Pay Waluigi Co. in full. October 15 Sell 144 units of inventory to customers on account, $11,520. [Hint: The cost of units sold from the October 4 purchase includes $50 unit cost plus $5 per unit for freight less $1 per unit for the purchase discount, or $54 per unit. ] October 19 Receive full payment from customers related to the sale on October 15. October 20 Purchase 84 units of inventory from Waluigi Co. for $54 per unit, terms 2/10, n/30. October 22 Sell 84 units of inventory to customers for cash, $6,720. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on October 20.) View transaction list View journal entry worksheet Credit No 1 Date General Journal October 04 Inventory Accounts Payable Debit 5,700 5,700 445 N October 05 Inventory Cash 445 3 1,250 October 09 Accounts Payable Inventory 1,250 4 4,450 October 12 Accounts Payable Inventory Cash 89 4,361 5 11,520 October 15 Accounts Receivable Sales Revenue 11,520 6 6,456 October 15 Cost of Goods Sold Inventory 6,456 7 11,520 October 19 Cash Accounts Receivable 11,520 8 4,536 October 20 Inventory Accounts Payable 4,536 9 6,720 October 22 Cash Sales Revenue 6,720 10 4,536 October 22 Cost of Goods Sold Inventory 4,536 Problem 6-6A Part 2 2. Suppose by the end of October that the remaining inventory is estimated to have a net realizable value per unit of $29. Record any necessary adjustment for lower of cost and net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete and correct. No Date General Journal Debit Credit 1 October 31 Cost of Goods Sold 275 Inventory 275 Problem 6-6A Part 3 3. Prepare the top section of the multiple-step income statement through gross profit for the month of October after the adjustment for lower of cost and net realizable value. BOWSER CO. Multiple-step Income Statement (partial) For the month of October Net Sales $ 100 x Cost of Goods Sold 100 x Gross Profit $ 200 x