Help solve income sheet

Required: 1. Prepare a multiple-step income statement. 2. Prepare a statement of stockholders' equily. Additional common stock of $75,000 was issued during the year ended May 31 , 20V2. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $42,000. 4. Briefly explain how multiple-slep and difler. Labels and Amount Descriptions Labals Administrative expenses Current assets Current liabilities For the Year Ended May 31, 20Y2 Long-term Eabilties May 31, 20Y2 Operating expenses Other revenue and expense Property, plant, and equipment Selling expenses Amaunt naerwintione s://v2.cengagenow.com/ilrn/takeAssignment/printUntakenAssignment.do?assignmentld=4099968 Income Statement Shaded cells have feedback