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PROBLEM 6-5A MULTI-STEP INCOME STATEMENT AND BALANCE SHEET The followine welected accounts and their current balances appear in the ledeer of Oruid tilt Co. for the fiscal vear ended May 31, 2018: INSTRUCTIONS: 1. Prepare a multiple-step income statement. 2. Prepare a statement of owner's equity. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $60,600. A. Briefly explain how multi-step and single-step income statements differ