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Accumulated Depreciation-Office Equipment 179,600 Store Equipment 824,900 Accumulated Depreciation-Store Equipment 264,300 Accounts Payable Salaries Payable 179,900 Customer Refunds Payable 11,700 Estimated Coupons Payable 10,000 3,000

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Accumulated Depreciation-Office Equipment 179,600 Store Equipment 824,900 Accumulated Depreciation-Store Equipment 264,300 Accounts Payable Salaries Payable 179,900 Customer Refunds Payable 11,700 Estimated Coupons Payable 10,000 3,000 Note Payable (final payment due in 20 years) 385,000 Common Stock Retained Earnings 72,400 Dividends 529,300 Sales 71,900 Cost of Goods Sold 4,398,300 Sales Salaries Expense 2,544,100 Advertising Expense 715,400 Depreciation Expense-Store Equipment 196,700 Miscellaneous Selling Expense 38,200 Office Salaries Expense Rent Expense 16,800 Insurance Expense 390,600 Depreciation Expense-Office Equipment 57,700 Office Supplies Expense 17,900 Miscellaneous Administrative Expense 28,800 Interest Expense 10,600 7,700 11,700 Required: 1. Prepare a multiple-step income statement. Multiple-step income statement and balance sheet The following selected accounts and their current balances abpear in the ledger of Kanpur Co, for the fiscal year ended June 30, 20rZ 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30, 20 r. 3. Prepare a balance sheet, assuming that the current portion of the note payable is 319,250 : Total assets Liabilities Current liabilites: Total current liabilities. Long-term liabilities: Total liabilities Stockholders' equity Total stockhoiders' equity Total liabilies and stockholders' equity 4. Which type of income statement shows intermediate balances? 3. Prepare a balance sheet, assuming that the current portion of the note Davable is 510.25n

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