Multiple-Step Income Statement and Report Form of Balance Sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019: Cash $122,400 Gerri Faber, Drawing 573,300 Accounts Receivable 332,200 Sales Merchandise Inventory Estimated Returns Inventory 372,100 14,700 11,500 Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Office Supplies 4,425,800 2,593,500 729,300 200,600 39,100 17,100 398,100 Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment 58.800 18,200 Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable Customer Refunds Payable 269,400 183,100 840,900 269,400 186,400 29,400 11,900 392,500 661,500 Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense-Office Equipment Office Supplies Expense Miscellaneous Administrative Exp. Interest Expense 29,400 10,800 7,800 11,900 Salaries Payable Note Payable (final payment due 2032) Gerri Faber, Capital 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 2019 Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses 2. Prepare a statement of owner's equity. Kanpur Co. Statement of Owner's Equity For the Year Ended June 30, 2019 3. Prepare a balance sheet, assuming that the current portion of the note payable is $15,700. Kanpur Co. Balance Sheet June 30, 2019 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 liabilities Owner's equity Total liabilities and owner's equity 4. Which type of income statement shows intermediate balances