Please provide step by step answers along with the formula !! Thank you.

NP A RedBear Landscaping Company List of Accounts December 31, 2020 2 3 5 Cash 6 Accounts Receivable 7 Supplies 8 Prepaid Expenses 9 Equipment 10 Vehicles 11 Office Furniture 12 Accumulated Depreciation 13 Accounts Payable 14 Accrued Expenses Payable 15 Note Payable (due in six months) 16 Loan Payable (due in five years) 17 Common Stock, $1 par 18 Additional Paid in Capital 19 Retained Earnings 20 Dividends Declared (contra RE) 21 Services Revenue 22 Wage Expense 23 Insurance Expense 24 Rent Expense 25 Advertising Expense 26 Depreciation Expense 27 Interest Expense B $ 14,700 1,200 10,000 8,000 22,000 50,000 5,000 11,000 4,600 1,800 5,000 44,500 4,000 28,000 1,900 72,000 28,800 7,200 6,000 1,000 11,000 3,100 D E F U instructor notations 27 Interest Expense 3,100 1,000 28 Income Tax Expense 29 30 A group of four students started at the beginning of the year a new residential landscaping and snowplowing business, RedBear Landscaping Company (RBLC). The List of Accounts (before closing) is as of the end of their first 31 year of husiness 32 Required: 33 1. From the List of Accounts, prepare a well-formatted, classified income statement for the year ended as noted. 2. After a year in business, the company asks you to measure how effectively sales and expenses of the business are being managed. Compute the (a) Net Profit Margin (NPM) for the company; (b) average NPM for the Industry; and 34 (c) compare, analyzing your results in a narrative. This ratio analysis should be calculated/performed directly on the Income 35 The following industry data is available: 36 Total assets $ Total liabiliti 125,700 43,300 37 38 Total equity 82,400 39 Sales revenu 92,500 40 Net income 22,750 41 3. Prepare a well-formatted Statement of Stockholders' Equity for the year ended as noted. Separate Worksheet 42 Reminder: use a separate worksheet for the IS and for the SSE, labeling both worksheets appropriately. 43 Common Errors, do not submit until fixed: IS does not contain 3 subtotals & 1 total; NPM not calculated for both company & industry; narrative does not explain specifically what results mean for the company; SSE does not contain formatted beginning balances (even if zero, should be shown $0 or $- depending on 44 format. Net Income in the SSE not linked to your IS.