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2. Prepare a statement of owner's equity. 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 Income Statement For Uhe Year Ended June ai0, 20y5 Expenses: Seling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expensey 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 30,20Y5 : 3. Prepare a balance sheet, assuming that the current portion of the note payable is $16,100. Asrets Currunt assetes: Total current assets Preperty, plant and efuipmenti Total property, plant, and equipment Totaliassets Libilities Current liabilities: Total current labities Longterm liabilities: Total fiabilities Owner's equity? Total fiablicer and. olwner's eputy. June 30,20y5 Kanpur Co. filarice sheet June 30,20%5