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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

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image text in transcribed 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, 20Y7: 1. Prepare a multiple-step income statement. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $19,750

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