I need help in completing this assignment. I don't understand how to get answers

Part 1 Prepare an income statement showing departmental contribution margin based on the following: Dept. X Dept. Y Rent Expense Space (square feet) 17,500 35,000 Net Sales $60,000 $40,000 Cost of Goods Sold 18,000 16,000 Rent Expense (allocated based on square feet) $2,700 Part 2 From the following transactions, prepare the appropriate general journal entries for the month of April. 1. Raw materials costing $60,000 were issued from the storeroom. 2. Direct labor of $53,000 was charged to production. 3. Indirect labor costs of $17,000 were incurred. 4. Overhead was applied at the rate of 40% of direct labor dollars. 5. Completed products costing $42,000 were transferred to finished goods. 6. Products costing $32,000 were sold. Prepare an income statement showing departmental contribution margin based on the following: Dept. X Dept. Y Rent Expense Space (square feet) 17,500 35,000 Net Sales $60,000 $40,000 Cost of Goods Sold 18,000 16,000 Rent Expense (allocated based on square feet) $2,700 Selected data for Stick's Design are given as of December 31, Year 1 and Year 2 (rounded to the nearest hundredth). Year 2 Year 1 Net Credit Sales $25,000 $30,000 Cost of Goods Sold 16,000 18,000 Net Income 2,000 2,800 Cash 5,000 900 Accounts Receivable 3,000 2,000 Inventory 2,000 3,600 Current Liabilities 6,000 5,000 Compute the following: 1. Current ratio for Year 2 2. Acid-test ratio for Year 2 3. Accounts receivable turnover for Year 2 4. Average collection period for Year 2 5. Inventory turnover for Year 2