Please help me with p2, thanks!

Chapter 4: Financial Reporting and Anal LO4 Forms of the Income Statement P2. Elm Nunery Corporation's single step income statements for 2011 and 2010 follow Elm Nursery Corporation Income Statements Income from operations, 2011 33,213; income from operations, 2010 $55,314 For the Years Ended April 30, 2011 and 2010 $262,966 900 $263,866 $237,532 425 $238057 Revenues Net sales Interest income Total revenues Costs and expenses $117,474 80,846 $ 85,925 75,350 21,043 850 $183,168 5 54,889 14,300 40,589 $ 2.03 Cost of goods sold Selling expenses General and administrative expenses Interest expense Total costs and expenses Income before income taxes Income taxes Net income Earnings per share 1,800 $231,553 $ 32,313 8,000 24,313 $ 1.22 Elm Nursery Corporation had 20,000 shares of common stock outstanding during both 2011 and 2010. REQUIRED 1. From the information provided, prepare multistep income statements for 2011 and 2010 showing percentages of net sales for each component. 2. Did income from operations increase or decrease from 2010 to 2011? Write a short GHT explanation of why this change occurred. 3. What effect did other revenues and expenses have on the change in income before HT income taxes? What action by management probably caused this change? Classified Balance Sheet P3. The following information is from the June 30, 2011, post-closing trial balance of Bissel Hardware Corporation. 3,5 ts: 00 Cash Account Name Debit Credit Short-Term Investments Notes Receivable Accounts Rceivabie Merchandise t $ 64,000 66,000 20000