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, 2017: Cash $118,000 Retained Earnings $520,000 70,600 Accounts Receivable Dividends 320,200 358,600 4,321,100 Inventory Estimated Returns Inventory Office Supplies 2,499,400 5,000 11,100 Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense- Store Equipment 702,900 193,300 Prepaid Insurance 8,600 Office Equipment 259,600 37,700 Miscellaneous Selling Expense 16,500 176,400 Accumulated Depreciation- Office Equipment Store Equipment Accumulated Depreciation, Store Equipment 810,400 Office Salaries Expense 383,700 Rent Expense 56,700 259,600 Accounts Payable 179,700 Depreciation Expense- Office Equipment 28,300 Customer Refunds Payable 10,000 17,600 Insurance Expense Office Supplies Expense Salaries Payable 11,500 10,400 Miscellaneous Administrative Exp. 7,500 Note Payable (final payment due 2024) Common Stock 377,500 71,800 Interest Expense 11,500 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 2047 Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30, 2017. Kanpur Co. Statement of Stockholders' Equity For the Year Ended June 30, 2017 Common Stock Retained Earnings Total 3. Prepare a balance sheet, assuming that the current portion of the note payable is $18,875. KANPUR CO. Balance Sheet June 30, 2017 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 4. Which type of income statement shows intermediate balances