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 30,20r7 : Required: 1. Prepare a mutigle-step income statement. 1. 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30 , 20 r7. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $7,000. Chapter 5 Homework (Prob 3 pts /0 Total cument assets Property piant, and equipment Total property, plant, and equipment Total assets Uabilities Current kabilities: Total current Iabilities Long-term labilities: Total liabilites Stockholders' equity Total stockholders' equity Chedk My Work 5 mare Check My Wook uses remaning Total property, plant, and equipment Total assets Dabilities Current liabilites: Total current liabilities Long-term liabiities: Total labilibes Stockholders' equity Total stockholders' equity Total liabilites and stockholders' equity 4. Which type of income statement shows intermediate balances