The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 20Y2:

Cash	$238,400
Accounts receivable	960,300
Inventory	1,644,400
Estimated returns inventory	20,900
Office supplies	22,200
Prepaid insurance	15,100
Office equipment	825,800
Accumulated depreciation-office equipment	551,100
Store equipment	3,603,000
Accumulated depreciation-store equipment	1,819,400
Accounts payable	351,700
Salaries payable	44,900
Customer refunds payable	48,800
Estimated coupons payable	5,000
Note payable (final payment due in 6 years)	285,000
Common stock	507,300
Retained earnings	2,822,800
Dividends	108,200
Sales	11,405,100
Cost of goods sold	7,856,600
Sales salaries expense	908,400
Advertising expense	545,800
Depreciation expense-store equipment	142,200
Miscellaneous selling expense	41,000
Office salaries expense	651,300
Rent expense	90,800
Depreciation expense-office equipment	40,700
Insurance expense	47,600
Office supplies expense	35,000
Miscellaneous administrative expense	15,200
Interest expense	28,200

	Required:
1.	Prepare a multiple-step income statement, BUT one that only has 23 rows and 4 columns for it to be a complete sheet
2.	Prepare a statement of stockholders equity, BUT one that has 6 rows and 4 columns on it for it to be a complete sheet. Additional common stock of $75,000 was issued during the year ended May 31, 20Y2.
3.	Prepare a balance sheet, BUT one that has 34 rows and 4 columns on it to be a complete sheet. assuming that the current portion of the note payable is $56,000.
4.	Briefly explain how multiple-step and single-step income statements differ. OR simply .... Briefly explain how multiple-step and single-step income statements differ. Which type of income statement shows intermediate balances? Multiple-step or Single-step