Print Item Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2018: Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment $109,300 296,600 332,200 22,500 10,300 8,000 240,500 Retained Earnings Dividends Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense- 481,700 65,400 $4,003,000 2,315,400 651,100 179,100 Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense 34,900 15,300 355,500 52,500 Accumulated Depreciation- Office Equipment Store Equipment Accumulated Depreciation 163,400 750,800 240,500 166,400 40,000 Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note Payable Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Exp Interest Expense 26,200 16,300 9,600 7,000 10,600 (final payment due 2024) 350,000 53,500 Common Stock Required: 1. Prepare a multiple-step income statement. Previous Check My Work