I am needing help with the multi-step income statement using the following information please.

Signing your name indicates that you have done the work for Palisade. Palisade Creek Co. hired you to prepare the financial statements for May 31,2016. Use the forms provided to complete the task. Palisade expects a multi-step income statement, a statement of owner's equity, and a classified balance sheet. Be sure to use good form on the financial statements because Palisade Creek Co. is presenting these financials to the board of directors at First and Forever Bank. A bonus check will be in the pay envelope if you are able to complete the closing entries for May in the general journal. CHART OF ACCOUNTS Palisade Creek Co. General Ledger ASSETS 110 Cash 112 Accounts Receivable 115 Merchandise Inventory 116 Estimated Returns Inventory 117 Prepaid Insurance 118 Store Supplies REVENUE 410 Sales EXPENSES 510 Cost of Merchandise Sold 520 Sales Salaries Expense 118 Store Supplies 520 Sales Salaries Expense 123 Store Equipment 521 Advertising Expense 124 Accumulated Depreciation-Store Equipment 522 Depreciation Expense LIABILITIES 523 Store Supplies Expense 210 Accounts Payable 529 Miscellaneous Selling Expense 211 Salaries Payable 530 Office Salaries Expense 212 Customers Refunds Payable 531 Rent Expense EQUITY 532 Insurance Expense 310 Lynn Tolley, Capital 539 Miscellaneous Administrative Expense 311 Lynn Tolley, Drawing 312 Income Summary Palisade Creek Co. Adjusted Trial Balance May 31, 2016 CREDIT DEBIT $84,500 245,875 570,000 50,200 4,800 4,000 569,500 ACCOUNT TITLE Cash Accounts Receivable Merchandise Inventory Estimated Returns Inventory Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable Salaries Payable Customers Refunds Payable Lynn Tolley, Capital Lynn Tolley, Drawing Sales Cost of Merchandise Sold $70,700 63,150 13,600 89,270 685,300 135,000 5,316,205 2,991,950 Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Totals 727,800 292,000 14,000 9,800 12,600 417,700 88,700 12,000 7,800 $6,238,225 $6,238,225