Multiple-step income statement and balance sheet The followina selected accounts and their current balances aboear in the ledoer of Kanpur Ca. for the fiscal year ended June 30,20r7 : Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreclation Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense-Office Equipment Office Supplies Expense Miscellaneous Administrative Expense Interest Expense 2,389,300 671,900 184,800 36,000 15,800 366,800 54,200 16,800 27,100 9,900 7,200 11,000 Required: 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 20Y7 Expenses: Selling expenses: 3. Prepare a balance sheet, assuming that the current portion of the note payable is $18,000