1. prepare a multi atep income statement 2.prepare a statement of stockholders equity (additional common stock od $75,000 was issues during the year ended May 31,20Y2) 3. prepare a balance sheet (assuming that the current portion of the note payable is Aequired 1. Prepare a miniple thep income atanemece 4. Deiefy euplan haw multque shep and Labeis Administrative expenses Current assets Current Eabities For the Year Ended May 31, RoYr? Long-tem liabities May 31, 2UY2 Operating expenses Other revenue and expence Property, plant, and equlpment Seling expenses Amount Descriptions Balances, June 1, 20Y1 Balances, May 31, 20Y2 Book value-oflice equipment Book value-store equipment Dividends Gross profi Issued common stock Net income Net loss Note payable (current porion) Operating income Total admiristrative expenses Total astets Total current aswets Total current labilities Total Eaburies Total liabilies and slockholders' equly Total operating expenses Total property, piant, and equlpment Total seling expenses Total stockholders' equity 1. Preptere imukplesteg haome strfertent 2. Prepare a statement of stockholders' equily. Additional common stock of 575,000 was issued during the year ended May 31 , 20Y2 Bulance Sheet 3. Prowe a belance sheec asuming that the aururt portion of the note poyable it ses ood Avirae.Shnet hatructons 2. Pripte a statener Stuteneat of 5lockinel Baince shet (Labei) Aset. (atel) 1 1 i 1 \begin{tabular}{|l|l|l} 1 & 1 \\ 1 \\ 1 & 1 \\ 1 \\ 1 & is Aate? \end{tabular} 7 (1) 11) 11 14 is 4 (1).

1. 1. prepare a multi atep income statement
2.prepare a statement of stockholders equity (additional common stock od $75,000 was issues
during the year ended May 31,20Y2)
3. prepare a balance sheet (assuming that the current portion of the note payable is Aequired 1.
Prepare a miniple thep income atanemece 4. Deiefy euplan haw multque shep and
Labeis Administrative expenses Current assets Current Eabities For the Year Ended May 31,
RoYr? Long-tem liabities May 31, 2UY2 Operating expenses Other revenue and expence
Property, plant, and equlpment Seling expenses Amount Descriptions Balances, June 1, 20Y1
Balances, May 31, 20Y2 Book value-oflice equipment Book value-store equipment Dividends
Gross profi Issued common stock Net income Net loss Note payable (current porion) Operating
income Total admiristrative expenses Total astets Total current aswets Total current labilities
Total Eaburies Total liabilies and slockholders' equly Total operating expenses Total property,
piant, and equlpment Total seling expenses Total stockholders' equity
1. Preptere imukplesteg haome strfertent
2. Prepare a statement of stockholders' equily. Additional common stock of 575,000 was issued
during the year ended May 31 , 20Y2
Bulance Sheet 3. Prowe a belance sheec asuming that the aururt portion of the note poyable it ses
ood Avirae.Shnet hatructons 2. Pripte a statener Stuteneat of 5lockinel Baince shet (Labei) Aset.
(atel) 1 1 i 1 begin{tabular}{|l|l|l} 1 & 1 1 1 & 1 1 1 & is Aate? end{tabular} 7 (1) 11)
11 14 is 4 (1)