1. Prepare a multiple-step income statement. In the Other income and expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign\.\* 2. Prepare a retained earnings statement. Negative amount should be indicated by the minus sign\.\* 3. Prepare a balance sheet, assuming that the current portion of the note payable is $42,000\.\* 4. Briefly explain (a) how multiple-step and single-step income statements differ and (b) how report-form and account-form balance sheets differ.