The following selected accounts and their current balances in the edge of Claremonto for the local year ended 2002 Cash $232.700 Accounts receivable 957.000 Inventory Estimated run inventory 21.300 Office wpplies 15.000 Prepaid insurance Ofice equipment $27.000 Accumulated depreciation of equipment 550.000 Storent 3.5.300 Accumulated depreciation-store equipment Accounts payable 381.900 Customer refunds payable 4.400 Salaries Nate payable final payment due in 6 years) Common stock 50.800 Retained caring 270.00 11403 7.342.100 50.500 37.00 Cost of goods sold Soles salaries expense Advertisingepente Depreciation expensestre equipment Miscellaneouslingen Office salesperse Rent expense Depreciation experiment Insurance expense Ofice we expense Miscellaneous wrive expense Interest in 101.000 31.00 11.300 Required: Prepare a multiple-step income statement. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Prepare a statement of stockholders' equity. Additional common stock of $75,000 was issued during the year ended May 31, 20Y2. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2 Prepare a balance sheet, assuming that the current portion of the note payable is $58,000. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Briefly explain how multiple-step and not come attamente differ. Labels Administrative expenses Current assets Current liabilities For the Year Ended May 31, 2012 Long-term liabilities May 31, 20Y2 Operating expenses Other revenue and expense Property, plant, and equipment Selling expenses Amount Descriptions Balances, June 1, 20Y1 Balances, May 31, 20Y2 Book value-office equipment Book value-store equipment Dividends Gross profit Issued common stock Net income Net loss Note payable (current portion) Operating income Total administrative expenses Total assets Total current assets Total current liabilities Total liabilities Total liabilities and stockholders' equity Total operating expenses Total property, plant, and equipment Total selling expenses Total stockholders' equity . Prepare a multiple-step income statement. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (;) will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Clairemont Co. Income Statement 11 1 15 21 23 Prepare a statement of stockholders equity. Acestional common stock of $75,000 was issued during the year ended May 31, 2012. Refer to the east of Labels and Amount Descriptions provided for the exact warding of the answer choices for text entries. For those boxes in which you must subtracted or negative numbers use a minus sig Clairemont Co. Statement of Stockholders' Equity Com Stock Red Earning Tot 1 Prepare a balance sheet, assuming that the current portion of the note payable is $58,000. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign Clairemont Co. Balance Sheet Ae 5 21 14 Stoholders' Equity 31 Which type of income statement shows intermediate balances? Single- O Multiple-ip
