I need the income statement and the statement of stockholder's equity! Thank you!
The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31 , 20Y2 Multiple-step income statement and balance sheet \begin{tabular}{|l|l|l} \hline Instructions Labels and Amount Descriptions ! Income Statement \\ \hline \end{tabular} \begin{tabular}{|lr|} \hline Instructions & 300,000 \\ Note payable (inal payment due in 6 years) & 500,000 \\ Common stock & 2,949,100 \\ Retained earnings & 100,000 \\ Dividends & 11,343,000 \\ Sales & 7,850,000 \\ Cost of goods sold & 916,000 \\ Sales salaries expense & 550,000 \\ Advertising expense & 140,000 \\ Depreciation expense-store equipment & 38,000 \\ Miscellaneous selling expense & 650,000 \\ Office salaries expense & 94,000 \\ Rent expense & 50,000 \\ Depreciation expense-office equipment & 48,000 \\ Insurance expense & 28,100 \\ Office supplies expense & 14,500 \\ Miscellaneous administrative expense & \\ \hline \end{tabular} Required: 1. Prepare a multiple-step income statement. Be sure to complete the statement heading. 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Prepare a statement of stockholders' equity. Additional common stock of $75,000 was issued during the year ended May 31,20Y2. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000. Be sure to complete the statement heading. 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Briefly explain how multiple-step and: differ. 1. Prepare a multiple-step income statement. Be sure to complete the statement heading. 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Income Statement \begin{tabular}{|r|l|} \hline \multicolumn{1}{|r|}{9} & Office salaries expense \\ \hline 10 & Rent expense \\ \hline 11 & Depreciation expense-office equipment: \\ \hline 12 & Rent expense \\ \hline 13 & Depreciation expense-office equipment \\ \hline 14 & Insurance expense \\ \hline 15 & Office supplies expense \\ \hline 16 & Miscellaneous administrative expense \\ \hline 17 & Interest expense \\ \hline 18 & Net income \\ \hline 19 & Total Expense \\ \hline \end{tabular} Shaded cells have feedback. 2. Prepare a statement of stockholders' equity. Additional common stock of $75,000 was issued during the year ended May 31 , 20Y2. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign
