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do not hand write your answer The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year

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The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2019: $245,100 Cash 971,100 Accounts Recelvable 1,786,300 Merchandise Inventory 22,500 Estimated Returns Inventory 15,200 Office Supplies 3,400 Prepaid Insurance 836,100 Office Equipment Accumulated Depreclation-Offhce Equipment 559,400 3,598,200 Store Equipment Accumulated Depreciation-Store Equipment 1,827,700 362,600 Accounts Payable 22,500 Customer Refunds Payable 40,800 Salaries Payable 288,000 Note Payable (final payment due 2022) 3,464,100 Kristina Marble, Capital irnsuucIons Kristina Marble, Capital 3,464,100 Kristina Marble, Drawing 104,200 Sales 11,442,000 Cost of Merchandise Sold 7,846,400 Sales Salaries Expense 922,900 Advertising Expense 542,700 Depreciation Expense-Store Equipment 146,100 Miscellaneous Selling Expense 47,000 Office Salaries Expense 658,600 Rent Expense 98,800 Depreciation Expense-Office Equipment 47,000 Insurance Expense 49,500 Office Supplies Expense 18,500 Miscellaneous Administrative Expense 18,300 Interest Expense 29,200 Required: 98,800 Rent Expense 47,000 Depreciation Expense-Office Equipment 49,500 Insurance Expense 18,500 Office Supplies Expense 18,300 Miscellaneous Administrative Expense 29,200 Interest Expense Required: 1. Prepare a multiple-step income statement. In the Other revenue and Operating Expenses section only, enter amounts that represent Operating Expenses as negative numbers using a minus sign. Other revenue and 2 Prepare a statement of owner's equity. Use a minus (-) sign to indicate any negative amount. 3. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $46,000. "Less" or "Plus" will automatically appear if it is required.* 4. Which type of income statement shows intermediate balances? *Be sure to complete the statement headings. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. Prepare a multiple-step income statement. Be sure to complete the statement heading. Refer to the problem data and the Nst of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. In the Other revenue and Operating Expenses section only, enter amounts that represent Other revenue and Operating Expenses as negative numbers using a minus sign Clairemont Company Income Statement (Label) 3 4 Label) Selling Operating Expenses 5 6 Income Statement Administrative Operating Expenses 11 12 11 14 15 16 17 18 19 20 21 (Label) 22 23 Statement of Owner's Equity Prepare a statement of owner's equity. Use a minus (-) sign to indicate any negative amount.* Be sure to complete the statement heading. Refer to the Nst of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required Clairemont Company Statement of Owner's Equity (Label) 1 3 4. 5 Previous Prepare a report form of balance sheet, assuming that the current portion of the note payable is $46,000. Be sure to complete the statement heading. Refor to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer cholces for text entries. Order the Property, Plant & Equipment accounts in the order shown on the Instructions page. A colon () will automatically appear if it is required. "Less" or "Plus" wil automatically appear if it is required Clairemont Company Balance Sheet (Label) Assets 2 (Label) 4 5 Balance Sheet 17 Luabilities 18 (Label) 19 20 21 22 23 24 (Labe) 25 26 Owner's Equity 27 28 29 17 Final Question 18 19 Which type of income statement shows intermediate balances? 20 Multiple-step 21 Single-step

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