Instructions The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2018 $ 240,000 Cash Accounts receivable 966,000 1,690,000 22,500 Inventory Estimated returns inventory Office supplies Prepaid insurance Office equipment 13,500 8.000 830,000 Accumulated depreciation office equipment 550,000 3,600,000 1,820,000 326,000 Store equipment Accumulated depreciation-store equipment Accounts payable Customer refunds payable Salaries payable Note payable (final payment due 2024) Common stock 40,000 41,500 300,000 500,000 2.949,100 100,000 Retained earnings Dividends Sales Cost of goods sold Sales sales expense Advertising pense Depreciation expense-store equipment Miscelaneous Selling expense 11,343,000 7.850,000 916,000 550,000 140,000 38.000 650.000 94.000 50.000 48.000 28.100 14.500 Rent expense Depreciation penselicement Insurance expense e soles pe Minous womense 21.000 1 Prepare a multiple comment in the other income and expenses section only enter amounts that represent the expenses as negative numbers ng am 2. Pred caring statement Negative amount should be indicated by means in 1 Protect the current portion of the note payable is 550.000 epare a multiple-step income statement Be sure to complete the statement heading. Refer to the problem data and the list of ambers using a minus sign Clairemont Company Income Statement (Label) 1 2 3 4 Label) 5 Label 6 7 8 9 10 11 Label) 17 14 15 16 17 20 Label 22 Instructions 1 Income Statement Retained Earnings Statement PR nu Prepare a retained earnings statement. Be sure to complete the statement heading. Refer to the list of Labels ar Clairemont Company Retained Earnings Statement (Label) 1 2 3 4 5