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 $118,400 Retained Earnings $521,900 Accounts Receivable 318,500 Dividends 70,900 Inventory 359,900 Sales 4,336,800 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,508,500 Office Supplies 11,200 Sales Salaries Expense 705,400 Prepaid Insurance 8,600 Advertising Expense 194,000 Office Equipment Depreciation Expense- 260,600 Store Equipment 37,800 Accumulated Depreciation- Office Equipment 16,600 177,100 Miscellaneous Selling Expense Store Equipment 813,400 Office Salaries Expense 385,100 Accumulated Depreciation- Rent Expense 56,900 Store Equipment 260,600 Accounts Payable 180,300 Depreciation Expense- Office Equipment 28,400 Customer Refunds Payable 10,000 Insurance Expense 17,600 Salaries Payable 11,500 office Supplies Expense 10,400 Note Payable 7,600 (final payment due 2024) Miscellaneous Administrative Exp. 377,500 Common Stock 70,600 Interest Expense 11,500 Renuired: Kanpur Co. Income Statement For the Year Ended June 30, 2017 Expenses: Selling expenses: Total selling expenses Administrative 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 property, plant, and equipment Total assets Labilities 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