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 $109,900 Retained Earnings $494,200 Accounts Receivable 292,900 Dividends 65,800 Inventory 333,900 Sales 4,023,500 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,327,300 Office Supplies 10,400 Sales Salaries Expense 654,400 Prepaid Insurance 8,000 Advertising Expense 180,000 Office Equipment 241,700 Depreciation Expense-Store Equipment 35,100 Accumulated Depreciation - Office Equipment 164,300 Miscellaneous Selling Expense 15,400 Store Equipment 754,600 Office Salaries Expense 357,300 Accumulated Depreciation-Store Equipment 241,700 Rent Expense 52,800 Accounts Payable 164,300 Insurance Expense 16,400 Salaries Payable 10,700 Depreciation Expense-Office Equipment 26.400 Customer Refunds Payable 10,000 Office Supplies Expense 9,700 Estimated Coupons Payable 3,000 Miscellaneous Administrative Expense 7,000 Note Payable (final payment due in 20 years) 352,500 Interest Expense 10,700 Common Stock 60,500 Required: 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 2017 Expenses Selling expenses: Total selling expenses Administrative expenses: Check My Work 1 ore Check My Workestering dad and baby sweet... a Amaron Sign in Target Auths te expenses Yote de expenses Tropew 2. Present of stockholders'uty Aconteck 7,500 was sed during the KAN met de uity the Year Ende une 10, 2017 Commentach Retained Earning Total assuming that the current portion of the 117,633 KAPCO Jura, My why 30 888 2 F @ % A 2 # 3 $ 4 G 5 dad and baby sweat. a Amazon Sign In Target Auth Sa Property and ment: property, and equipment Total currentes Lung-term Ches # SO 888 @ > N 2 # 3 $ 4 % 5 6