The following selected accounts and their current balances appear in the ledger of Druid Hills Co. for the fiscal year ended May 31, 20 Cash $244,200 958,700 Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance 1,612,700 18,400 2,400 820,100 549,000 3,602,400 1.826,800 363,800 Office Equipment Accumulated Depreciation Office Equipment Store Equipment Accumulated Depreciation Store Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note Payable Kristina Marble, Capital Kristina Marble, Drawing Sales 48,500 45,100 307,000 3,358,400 103,300 11,271,800 7,851,700 Cost of Merchandise Sald Sales Salaries Expense Advertising Expense Depreciation Expense Store Equipment Miscellaneous Selling Expense Office Salaries Expense 914,200 541,600 138,200 34,100 658,600 86,800 55,000 54,800 Rent Expense Depreciation Expense-Olice Equipment Insurance Expense Office Supplies Expense Miscellaneous Administrative Expense Interest Expense "final payment due in 10 years 30,700 17,400 30,900 Required: 1. Prepare a multiple-step income statement- 2. Prepare a statement of owner's equity 3. Prepare a balance sheet assuming that the current portion of the note payable is $53,200.- 4. How multiple-step and single-step income statements cier