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 , 20V7. 1. Prepare a multiple-step income statement; Kanpur Co. Income Statement For the Year Ended June 30, 20Y7 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 57,500 was issued during the year ended June 30 , 20 . 7. Kanpur Co. Statement of Stockholders' Equity For the Year Ended June 30, 20Y7 3. Prepare at balance sheet, assuming that the current portion of the note payable is $20,625 4. Which type of income statement shows intermediate balances