pls be clear...

The following selected accounts and their current balances appear in the ledger of Druid Hills Co. for the fiscal year ended May 31, 20Y8 Kristina Marble. Drawing $ 121,200 Sales 13,746.000 9.513.000 1.110,100 666,500 666,500 169.700 46 100 Cash $ 290.800 $ Accounts Receivable 1.170.600 Merchandise Inventory 2.075,300 Office Supplies 16.400 Prepaid Insurance 9.700 Office Equipment 1,005,800 Accumulated Depreciation- Office Equipment Store Equipment 4,362,706 Accumulated Depreciation- Store Equipment 2 205.600 Accounts Payable 395 100 Customer Refunds Payable 48,500 Salaries Payable 50.300 Note Payable (final payment due in 10 years) 363.600 Kristina Marble Capital 4.179.800 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 Exp Interest Expense 787 700 113,900 60,600 58,200 34.100 17,600 25,400 INSTRUCTIONS 1. Prepare a multiple-step income statement ANSWER! Check Figure: Net income $1,143,100 2. Prepare a statement of owner's equity 3. Prepare a balance sheet, assuming that the current portion of the note payable is $60.600. Briefly explain how multiple-step and single-step income statements differ