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 $112.900 Gerri Faber, Drawing $67,600 Accounts Receivable 306,300 Sales 4,080,900 Merchandise Inventory 343,100 Cost of Merchandise Sold 2,391,400 Estimated Returns Inventory 13,550 Sales Salaries Expense 672,500 Office Supplies 10,600 Advertising Expense 184,900 Prepaid Insurance 8,200 Depreciation Expense-Store Equipment 36,000 Office Equipment 248,400 Miscellaneous Selling Expense 15,800 Accumulated Depreciation - Office Equipment 168,800 Office Salaries Expense 367.100 Store Equipment 775,400 Rent Expense 54,200 Accumulated Depreciation-Store Equipment 240,400 Insurance Expense 16.800 Accounts Payable 171,900 Depreciation Expense-Office Equipment 27.100 Customer Refunds Payable 27.100 Office Supplies Expense 9,900 Salaries Payable 11,000 Miscellaneous Administrative Exp 7,200 11.000 Note Payable (final payment due 2032) Gerri Faber, Capital 360,000 Interest Expense 611,850 Required: 1. Prepare a multiple-step Income statement Check My Work 2 more Check My Work uses tartalning Note Payable (final payment due 360,000 Interest Expense Gerri Faber, Capital 611,850 Required: 1. Prepare a multiple-step income statement. Kanpur co Income Statement For the Year Ended June 30, 2019 5 Expenses: Selling expenses: B S Total selling expenses Administrative expenses: Check My Work 2 more Check My Work uses remaining All work saved eBook Total selling expenses Administrative expenses: