Multiple-step income statement and balance sheet The following selected accounts and their current balances. avoear in the ledaer of Kannur Cn. for the fisral year ended June 30 , 20Y7: Kanpur Co. Income Statement For the Year Ended June 30, 20Y Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30,20Y7. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $17,500. Iotal property, plant, and equipment Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total liablities Stockholders" equity Total stockholders' equity Total liabilities and stockholders' equity 4. Which type of income staternent shows intermediate balances