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please help with these calculations. i am having a hard time getting the correct answers!! here is the income statement as requested. i attempted some

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please help with these calculations. i am having a hard time getting the correct answers!!
image text in transcribed
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here is the income statement as requested. i attempted some but got lost.
CengageNOWV2 Online teaching wdfearn Financial Statement Practice eBook Print them Multiple-step Income statement and balance sheet instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity Instructions The following selected accounts and their current balances appear in the ledger of Clairement Co. for the fiscal year ended May 31, 2018 Cash $ 232,700 957,000 1,668,600 22,500 11,800 7.100 B27,000 547.000 Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment Store Equipment Accumulated Depreciation Store Equipment Accounts Payable Customer Relundis Payable Salaries Payable Note Payable (inal payment due 2022) Kristina Marble, Capital Kristina Martie, Drawing Sales 3,600.000 1,814,800 373,100 22,500 37,500 310,000 3,329,800 107.900 11,377.100 Check My Work 2 more Check My Work uses remaining signment Score: 61.44% Save balance sheet Labels and Amount Descriptions Income Statement Statement of Owner's Equity 7.851,600 904,000 554,400 132.100 39,000 Instructions Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depreciation Expense-Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense 654,000 88,900 45,000 41.000 35,100 10,400 15,700 Required: 1. Prepare a multiple-stop income statement in the Omer revenue and Operating Expenses section only, enter amounts that represent Other revenue and Operating Expenses as negative numbers using a minus sign 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 $53,700. Less" or "Plus" will automatically appear if it is required 4. Which te of income statement shows intermediate hancas? meck My Work 2 mare Check My Work uses remaining ment Score: 61.44% Multiple-step Income statement and balance sheet Instructions Labels and Amount Descriptions Income Stateme Instructions Labels and Amount Descriptions Labels Administrative Operating Expenses Current assets Current liabilities For the Year Ended May 31, 2019 Long-term liabilities May 31, 2019 Operating Expenses Other revenue and expense Property, plant, and equipment Selling Operating Expenses Amount Descriptions Gross profil Income from operations Increase in owner's equity Kristina Marble, capital, June 1, 2018 Kristina Marble, capital, May 31, 2019 Withdrawals Check My Work | | | | | | | Assignment 61.44% Multiple-step income statement and balance sheet Instructions Labels and Amount Descriptions Income Statement Instructions Labels and Amount Descriptions LLOW Gross profit Income from operations Increase in owner's equity Kristina Marble, capital, June 1, 2018 Kristina Marble, capital, May 31, 2019 Withdrawals Net Income Net income for the year Net loss Total administrative operating expenses Total assets Total current assets Total current liabilities Total liabilities Total liabilities and owner's equity Total operating expenses Total property, plant, and equipment Total selling operating expenses Check My Work 2 more. Check My Weremaining Assignment Score: 51.44% Multiple-step income statement and balance sheet Income Statement Statement of C instructions Labels and Amount Descriptions Instructions Labels and Amount Descriptions Income Statement Statement of Owner's Equity WORK UW. w WORLI youw Wow Descriptions provided for the exact wording of the answer choices for text entries. A colon (9will automatically ap Clairemont Company Statement of Owner's Equity For the Year Ended May 31, 2019 1 Kristina Marble, capital, June 1, 2018 1 Increase in owner's equity Net income for the year Withdrawals Kristina Marble capital, May 31, 2019 Total assets Total current assets Total current liabilities Check My Work 2 mor Cheox My Worses remaining Assignment Score: 14% MacBoo acial Statement Practice eBook eBook Print item

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