The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016: Required: Prepare a multiple-step income statement. In the Other income and expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign.* Prepare a retained earnings statement.* Prepare a report form of balance sheet, assuming that the current portion of the note payable is $58,000. "Less" or "Plus" will automatically appear if it is required.* Answer questions on how multiple-step and single-step income statements differ and how report-form and account-form balance sheets differ