I have to prepare a multiple step income statement, retained earnings statement, and a classified balance sheet.

I also have to calculate the profit margin and the gross profit rate. Im so confused on this! Thank you.

Question 6) Lambert Department Store is located in midtown Metropolis. At the end of the company's fiscal year on October 31, 2017, these accounts appeared in its adjusted trial balance. Accounts Payable Accumulated Depreciation- Equipment Common Stock Freight-Out $26,800 68,000 35,000 6,200 15,300 5,000 9,000 46,200 6,000 54,000 117,000 6,000 10,600 Accounts Receivable Cash Cost of Goods Sold Equipment Dividends Income Tax Expense Interest Expense Notes Payable (due 2019) Advertising Expense Retained Earnings Sales Revenue Sales Returns and Allowances $ 17,200 Depreciation Expense-Equipment Gain on Disposal of Plant Assets Insurance Expense Inventory Prepaid Insurance Rent Expense Salaries Expense Salaries Payable Utilities Expense 54,100 613,400 157,000 21,000 30,000 2,000 43,500 33,500 41,200 994,000 27,000 Instructions (in color) A. Prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet. B. Calculate the profit margin and the gross profit rate