ebook Print Item Single-Step Income Statement Selected accounts and related amounts for Kanpur Co. for the fiscal year ended June 30, 2045, are shown below. Cash $300,000 Accounts Receivable 8,925,000 5,620,000 850,000 420,000 33,000 $92,000 Gerri Faber, Drawing 450,000 Sales 375,000 Cost of Merchandise Sold 10,000 Sales Salaries Expense 12,000 Advertising Expense 220,000 Depreciation Expense-Store Equipment 58,000 Miscellaneous Selling Expense 650,000 Office Salaries Expense 87,500 Rent Expense 38,500 Insurance Expense 10,000 Depreciation Expense-Office Equipment 4,000 Office Supplies Expense 140,000 Miscellaneous Administrative Exp. 431,000 Interest Expense Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation - Office Equipment Store Equipment Accumulated Depreciation --Stoke Equipment Accounts Payable Customer Refunds Payable Salaries Payable Note Payable (final payment due in eight years) Gerri Faber, Capital 18,000 540,000 48,000 24,000 10,000 4,000 6,000 12,000 Required: 1. Prepare a single-step income statement in the format shown in Exhibit 12 Single-Step Income Statement Check My Work mor Check My Worknes remaning Previous Nes eBook Printer 1. Prepare a single-step income statement in the format shown in Exhibit 12. Single-Step Income Statement 1 $$ 2 Expenses: 3 $$ 4 Total expenses 1 2. Prepare closing entries as of June 30, 2015. If an amount box does not require an entry, leave it blank. Closing Entries Date Account Debit 1 June 30, 20YS Credit 2. 4 Check My Wormers Check My Workoming Previous Email Instructor Save and Ex Sumacement eBook Print Item 2. Prepare closing entries as of June 30, 20YS. If an amount box does not require an entry, leave it blank. Closing Entries Date Account Debit Credit 1 June 30, 2015 2 3 5 6 7 B I 9 10 11 12 13 14 15 June 30, 2015 16 Check My Work more Check My Work uses remaining