2. Prepare a statement of stockholders' equity. No common stock was issued during the year. For those boxes in which no entry is required, leave the box blank. 3. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $18,200. Enter account decreases and outflows as negative amounts. Prescott Inc. Balance Sheet September 30, 20 Y8 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 5 4a. Select the statement that best describes how multiple-step and single-step income statements differ. Multiple-step: Single-step: 4b. In the form balance sheet, the assets are listed the liabilities and stockholders' equities. Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Prescott Inc. for the fiscal year ended September 30, 20Y8: ecreases and outflows as negative amounts