BOOK Calculator Multiple-Step Income Statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019: Cash $92,000 Gerri Faber, Drawing 450,000 Sales $300,000 Accounts Receivable 8,925,000 Merchandise Inventory 5,620,000 Estimated Returns Inventory Office Supplies Prepaid Insurance 370,000 Cost of Merchandise Sold 5,000 Sales Salaries Expense 10,000 Advertising Expense 12,000 Depreciation Expense-Store Equipment 220,000 Miscellaneous Selling Expense 58,000 Office Salaries Expense 650,000 Rent Expense 850,000 420,000 33,000 18,000 Office Equipment Accumulated Depreciation-Office Equipment 540,000 Store Equipment 48,000 Accumulated Depreciation-Store Equipment 24,000 Accounts Payable 87,500 Insurance Expense 38,500 Depreciation Expense-Office Equipment 10,000 Office Supplies Expense 4,000 Miscellaneous Administrative Exp. 10,000 Customer Refunds Payable 4,000 Salaries Payable Note Payable (final payment due 2032) 140,000 Interest Expense 6,000 12,000 Gerri Faber, Capital 431,000 Required: 1 Dranare a multiple cten Income statement Check My Work 3 more Check My Work uses remaining. Previous All work saved Save and Exit Submit Assignment for Required: 1. Prepare a multiple-step income statement. KANPUR CO. Income Statement For the Year Ended June 30, 2019 Expenses: Selling expenses: Total selling expenses Administrative expenses: Check My Work 3 more Check My Work uses remaining. eBook Calculator Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses 2. Prepare a statement of owner's equity. KANPUR CO. Statement of Owner's Equity For the Year Ended June 30, 2019 2. Prepare a statement of owner's equity. KANPUR CO. Statement of Owner's Equity For the Year Ended June 30, 2019 $ $ 3. Prepare a balance sheet, assuming that the current portion of the note payable is $7,000. KANPUR CO. Balance Sheet June 30, 2019 Liabilitie Assets Troy Canvas WebExpress T Troy Catalogs Academic Evaluati... The Knot PH Pottery Barn Bed Bath and Bey... Target eBook Calculator KANPUR CO. Balance Sheet June 30, 2019 Assets Liabilities Current assets: Current liabilities: Total current liabilities Long-term liabilities: Total current assets Property, plant, and equipment: Total liabilities Owner's equity Total property, plant, and equipment Total assets Total liabilities and owner's equity Check My Work 3 more Check My Work uses remaining. Previous All work saved. Save and Exit Submit Assignment for Gradi Total property, plant, and equipment Total assets 4. Which type of income statement shows intermediate balances? Check My Work 3 more Check My Work uses remaining. All work saved. MacBook Pro