Trying to do a open heal

Next rnd: Knit, inc 8 sts evenly around. 72 sts. Divide into 24 sts on each of 3 needles. Work 5 rnds in (K1. P1) ribbing. Need help understanding this please explain in easy way

Needs help ASAP

Is this the same question I just answered in another thread? Just askin’.