The following selected accounts and their current balances

Question

The following selected accounts and their current balances appear in the ledger of Case-
It Co. for the fiscal year ended November 30, 2010:

1. Prepare a multiple-step income statement.

2. Prepare a statement of owner's equity.

3. Prepare a report form of balance sheet, assuming that the current portion of the note payable is $8,000.

4. Briefly explain 

(a) How multiple-step and single-step income statements differ and

(b) How report-form and account-form balance sheetsdiffer.