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 $109,300 Gerri Faber, Drawing $65,400 Accounts Receivable 294,000 Sales 3,951,200 Merchandise Inventory 332,200 Cost of Merchandise Sold 2,315,400 Estimated Returns Inventory 13,100 Sales Salaries Expense 651,100 Office Supplies 10,300 Advertising Expense 179,100 Prepaid Insurance 8,000 Depreciation Expense-Store Equipment 34,900 Office Equipment 240,500 Miscellaneous Selling Expense 15,300 Accumulated Depreciation Office Equipment 163,400 Office Salaries Expense 355,500 Store Equipment 750,800 Rent Expense 52,500 Accumulated Depreciation-Store Equipment 240,500 Insurance Expense 16,300 Accounts Payable 166,400 Depreciation Expense-Office Equipment 26,200 Customer Refunds Payable 26,200 Office Supplies Expense 9,600 Salaries Payable 10,600 Miscellaneous Administrative Exp. 7,000 Note Payable (final payment due 2032) 350,000 Interest Expense 10,600 Gerri Faber, Capital 588,800 Required: 1. Prepare a multiple-step income statement. Kanpur Co. Income Statement For the Year Ended June 30, 2019 S Expenses: Selling expenses: S Total selling expenses Administrative expenses: $ Total administrative expenses Total operating expenses S 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 $14,000. Kanpur Co. Balance Sheet June 30, 2019 Assets Current assets: $ III. 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