Prepare a multistep income statement. Complete this question by entering your answers in the tabs Prepare a statement of changes in stockholders' equity. Complete this question by entering your answers in the tabs Dero Prepare a balance sheet. Required information [The following information applles to the questions displayed below] At the beginning of Year 2. the Redd Company had the following balances in its accounts. During Year 2, the company experienced the following events. 1. Purchased inventory that cost $5,800 on account from Ross Compary under terms 2110,n/30, The merchandise was delivered FOB shipping point. Transportation costs of $530 were paid in cash. 2. Returned $300 of the inventory it had purchased because the inventory was damaged in transit. The seller agreed to pay the return transportation cost. 3. Paid the amount due on its account payable to Ross Company within the cash discount period. 4. Sold inventory that had cost $6,300 for $9,300 on account, under terms 2/10,n/45 5. Recelved merchandise returned from a customet. The merchandise originally cost $530 and was sold to the customer for $830 cash. The customer was paid $830 cash for the returned merchandise 6. Delivered goods FOB destination in Event 4 . Transportation costs of $630 were paid in cash 7. Collected the amount due on the account recelvable within the discount period. 8. Took a physical count indicating that $2,000 of inventory was on hand at the end of the accounting period. c-1. Prepare a multistep income statement. c-2 Prepare a statement of changes in stockholders equity. c-3. Prepare a balance sheet c-4. Prepare a statement of cash flows