prepare a multi step income statement, a retained earning statement and a balance sheet assuming that the current portion of nites payabke is $17625

The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2 Cash $110,500 Retained Earnings 487,100 Accounts Receivable 297,300 Dividends 66,200 Inventory 335,900 Sales $4,047,600 Estimated Returns Inventory 22,500 Cost of Goods Sold 2,341,200 Office Supplies 10,400 Sales Salaries Expense 658,400 Prepaid Insurance 8,100 Advertising Expense 181,100 Depreciation Expense- Office Equipment 243,200 Store Equipment 35,300 Accumulated Depreciation- Office Equipment Miscellaneous Selling Expense 15,500 165,300 Store Equipment 759,100 Office Salaries Expense 359,400 Accumulated Depreciation- Store Equipment 53,100 243,200 Rent Expense Depreciation Expense- Accounts Payable 168,300 Office Equipment 26,500 Customer Refunds Payable 40,000 Insurance Expense 16,500 Salaries Payable 10,700 Office Supplies Expense 9,700 Note Payable Miscellaneous Administrative Exp. 7,100 (final payment due 2024) 352,500 Common Stock 53,000 Interest Expense 10,700