Hi I need help with these questions please answer exactly how it is.

Sheridan Company provides the following information for the month ended October 31, 2020; sales on credit $364,000, cash sales $106,900, sales discounts $5,900, and sales returns and allowances $12,800. Prepare the sales section of the income statement based on this information. Sheridan Company Income Statement (Partial) to to toAssume Skysong, Inc. has the following reported amounts: Sales revenue $831,300, Sales returns and allowances $24,450, Cost of goods sold $537,900, and Operating expenses $179,300. (3) Compute net sales. Net sales 33 (b) Compute gross prot. Gross prot $ (c) Compute income from operations. Income from operations $ (d) Compute the gross prot rate. (Round answer to 1 decimal place, e.g. 25.2%.) Gross prot rate % Larkspur, Inc. had the following account balances at year-end: Cost of Goods Sold $62,850; Inventory $16,850; Operating Expenses $33,020; Sales Revenue $118,730; Sales Discounts $1,140; and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $12,850. Prepare the adjusting entry necessary as a result of the physical count. (Credit account titles are automatically indented when amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To close accounts with credit balances) (To close accounts with debit balances) (To close net income/ (loss))