An alphabetical list of Sunlands Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All account

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An alphabetical list of Sunlands Company adjusted accountsat its fiscal year end, August 31, 2021, follows. All accounts havenormal balances.
Accounts payable
Notes payable
Accumulated depreciation—equipment
Prepaid insurance
Accumulated depreciation—furniture
R. Smistad, capital
Cash
R. Smistad, drawings
Cost of goods sold
Rent expense
Depreciation expense
Salaries expense
Equipment
Salaries payable
Furniture
Sales
Insurance expense
Sales returns and allowances
Interest expense
Supplies
Interest payable
Supplies expense
Merchandise inventory
Unearned revenue
Additional information:1. Of the notes payable, $6,300 becomes due on February 17,2022. The balance is due in 2023.2. On July 18, 2021, R. Smistad invested $3,500 cash in thebusiness.
Q1) Prepare a multiple-step income statement.
Q2) Prepare a statement of owner’s equity.
Q3) Prepare a classified balance sheet.
Q4) Calculate the gross profit margin and profitmargin.