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help me with the ones i got wrong please Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in

help me with the ones i got wrong please
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, 20Y7:
Cash $118,100 Retained Earnings $520,600
Accounts Receivable 317,700 Dividends 70,700
Inventory 359,000 Sales 4,326,000
Estimated Returns Inventory 5,000 Cost of Goods Sold 2,502,200
Office Supplies 11,100 Sales Salaries Expense 703,600
Prepaid Insurance 8,600 Advertising Expense 193,500
Office Equipment 259,900 Depreciation Expense
Store Equipment
37,700
Accumulated Depreciation
Office Equipment
176,600 Miscellaneous Selling Expense 16,500
Store Equipment 811,300 Office Salaries Expense 384,100
Accumulated Depreciation
Store Equipment
259,900 Rent Expense 56,700
Accounts Payable 179,900 Depreciation Expense
Office Equipment
28,400
Customer Refunds Payable 10,000 Insurance Expense 17,600
Salaries Payable 11,500 Office Supplies Expense 10,400
Note Payable
(final payment due 2024)
377,500 Miscellaneous Administrative Exp. 7,500
Common Stock 69,100 Interest Expense 11,500
Required:
1. Prepare a multiple-step income statement.
image text in transcribed
Assignment Main.do?invoker=a ssign ments&takeAssignment Session Locator= assignment-take&inprogress-false eBook Calculator Print Item Total property, plant, and equipment 634,700 Total assets 1,454,200 Liabilities Current liabilities: Accounts payable 179,900 Salaries payable v 11,500 Customer refunds payable 10,000 Note payable (current portioh) 201,400 X Total current liabilities Long-term liabilities: 377,500 X Note payable (fong-term portion) 578,900 Total liabilities Stockholders' equity 69,100 Common stock 806,200 Retained earnings 875,300 Total stockholders' equity 1,454,200 Total liabilities and stockholders' equity Previe

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