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 $118,000 Retained Earnings $520,000 Accounts Receivable 320,200 Dividends 70,600 Inventory 358,600 Sales 4,321,100 Estimated Returns Inventory 2,499,400 5,000 11,100 8,600 Office Supplies Prepaid Insurance Cost of Goods Sold Sales Salaries Expense Advertising Expense 702,900 193,300 Office Equipment 259,600 Depreciation Expense- Store Equipment 37,700 Accumulated Depreciation, Office Equipment Miscellaneous Selling Expense 16,500 176,400 Store Equipment 810,400 Office Salaries Expense 383,700 Accumulated Depreciation- Store Equipment Rent Expense 56,700 259,600 Accounts Payable 179,700 Depreciation Expense- Office Equipment 28,300 Customer Refunds Payable Insurance Expense 10,000 11,500 17,600 10,400 Office Supplies Expense Salaries Payable Note Payable (final payment due 2024) Common Stock Miscellaneous Administrative Exp. 7,500 377,500 71,800 Interest Expense 11,500 Kanpur Co. Income Statement For the Year Ended June 30, 2017 Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses