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 $30,20$Y$7$:

Account Amount

Cash $$111,800$

Accounts Receivable $303,300$

Inventory $339,700$

Estimated Returns Inventory $5,000$

Office Supplies $10,500$

Prepaid Insurance $8,200$

Office Equipment $245,900$

Accumulated Depreciation$$Office Equipment $167,100$

Store Equipment $767,700$

Accumulated Depreciation$$Store Equipment $245,900$

Accounts Payable $167,200$

Salaries Payable $10,900$

Customer Refunds Payable $10,000$

Estimated Coupons Payable $3,000$

Note Payable $($final payment due in $20$ years$)357,500$

Common Stock $67,800$

Retained Earnings $492,600$

Dividends $66,900$

Sales $4,093,400$

Cost of Goods Sold $2,367,700$

Sales Salaries Expense $665,800$

Advertising Expense $183,100$

Depreciation Expense$$Store Equipment $35,700$

Miscellaneous Selling Expense $15,600$

Office Salaries Expense $363,500$

Rent Expense $53,700$

Insurance Expense $16,600$

Depreciation Expense$$Office Equipment $26,800$

Office Supplies Expense $9,900$

Miscellaneous Administrative Expense $7,100$

Interest Expense $10,900$

Required:

$1.$ Prepare a multiple$-$step income statement.