The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31 , 2018: Clalrernont co, Income Statement For tha Year Ended Wtyy 31, 2018 Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses 2. Prepare a retained earnings statement. 3. Prepare a balance sheet, assuming that the current portion of the noter payabie is $17,750. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $17,750. clairemonk co. Balance Sheet Hay 31,2018 Assets Current assets: Total current assets Property, plant and equipment: 3 Total property, plant and equipment Total assets Libilities Current liabilities: Totol property, plant and equipment Total assets Uabilities Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity Total stockhoiders' equity Total liabilities and stockholders' equity 3 5 s. 5 5 5