(there is 23 slotsod data for the income statment)

This is a multistep question, so this question has multiple parts to it.

The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31,20Y2 : Required: 1. Prepare a muitiple-step income statement 2. Prepare a statement of stockholders equity. Additional common stock of 575000 was issued dunng the year ended Way 31 , 20 Y2. 3. Prepare a balance sheet assuming that the current portion of the note payable is 555 . 000 4. Eriefly explain how multiple-step and single-step income statenents ciffer is and Amount Descriptions Labels Administrative expenses Current assets Current liabilities For the Year Ended May 31, 20Y2 Long-term liabilities May 31, 20Y2 Operating expenses Other revenue and expense Froperty, plant, and equipment Selling experses Amount Descriptions Ealances, June 1, 20Y1 Ealances, May 31, 20 V2 Book value-office equipment Book value-store equipment Dividends Gross profit Issued common stock Labels and Amount Deseriptions Balances, June 1, 20Y1 Balances, May 31, 20Y2 Book value-ofice 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 liabillies Total liabilies Total labilities and stockholders equity Total operating expenses Total property, plant and equipment Total selling expenses Total stockholders' equity 1. Prepare a multiple-step income statement. Income Statement Instructions 3. Prepare a balance sheet, assuming that the current portion of the note payable is 555,000 . Caremont Co Balance Sheet Balance Sheet 2. Prepare a statement of stockholders' equity. Additional common stock of $75,000 was issued during the year ended May 31 , 20 Y2