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: Cash $110,600 300,300 336,300 5,000 10,400 8,100 243,500 165,500 760,000 243,500 165,500 10,800 10,000 3,000 355,000 553,700 66,300 4,052,400 2,344,000 659,100 181,300 35,300 15,500 359,800 53,100 16,500 26,600 9,800 7,100 10,800 Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable Salaries Payable Customer Refunds Payable Estimated Coupons Payable Note Payable (final payment due in 20 years) Maya Kanpur, Capital Maya Kanpur, Drawing Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense-Office Equipment Office Supplies Expense Miscellaneous Administrative Expense Interest Expense Required: 1. Prepare a multiple-step income statement. Expenses: Kanpur Co. Income Statement For the Year Ended June 30, 20Y7

Multiple-step income statement and batance sheet The following selected sccounts and their current bolances appear in the ledger of Kanpur Ca, for the fincel rew ended Xere 30, 20r?. 1. Prepare a multiple-step incone statement. 2. Prepare a statement of owner's equity, Maya Kanpur invested an additional $7,500 in the business during the year ended June 30,2017 3. Prepare a balance sheet, assuming that the current portion of the note payabili is $17,750. KANPUR CO. Balance sheet June 30, 20Y7 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total current liabilities Long-term liabilities: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current Habilities: Total current liabilities Long-term liabilities: Total llabilities Owner's equity Total liabilities and owner's equity 4. Which type of income statement shows intermediate balances