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 $121,400 Retained Earnings $534,900 Accounts Receivable 326,500 Dividends 72,700 4,445,200 Inventory 368,900 Sales Estimated Returns Inventory 5,000 Cost of Goods Sold 2,571,200 Office Supplies 11,400 Sales Salaries Expense 723,000 Prepaid Insurance 8,900 Advertising Expense 198,800 Office Equipment 267,100 Depreciation Expense- Store Equipment 38,700 Accumulated Depreciation- Office Equipment Miscellaneous Selling Expense 17,000 181,500 Store Equipment 833,700 Office Salaries Expense 394,700 Accumulated Depreciation- Store Equipment Rent Expense 58,300 267,100 Accounts Payable 184,800 Depreciation Expense- Office Equipment Insurance Expense 29,100 Customer Refunds Payable 10,000 18,100 Salaries Payable 11,800 Office Supplies Expense 10,700 Miscellaneous Administrative Exp. 7,700 Note Payable (final payment due 2024) Common Stock 387,500 71,900 Interest Expense 11,800 Required: 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 $7,500 was issued during the year ended June 30, 2017. Kanpur Co. Statement of Stockholders' Equity For the Year Ended June 30, 20Y7 Common Stock Retained Earnings Total 3. Prepare a balance sheet, assuming that the current portion of the note payable is $19,375. KANPUR CO. Balance Sheet June 30, 2047 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