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	$111,300		Gerri Faber, Drawing	$66,700
Accounts Receivable	302,100		Sales	4,025,000
Merchandise Inventory	338,400		Cost of Merchandise Sold	2,358,600
Estimated Returns Inventory	13,350		Sales Salaries Expense	663,300
Office Supplies	10,500		Advertising Expense	182,400
Prepaid Insurance	8,100		Depreciation ExpenseStore Equipment	35,500
Office Equipment	245,000		Miscellaneous Selling Expense	15,600
Accumulated DepreciationOffice Equipment	166,500		Office Salaries Expense	362,100
Store Equipment	764,800		Rent Expense	53,500
Accumulated DepreciationStore Equipment	245,000		Insurance Expense	16,600
Accounts Payable	169,500		Depreciation ExpenseOffice Equipment	26,700
Customer Refunds Payable	26,700		Office Supplies Expense	9,800
Salaries Payable	10,800		Miscellaneous Administrative Exp.	7,100
Note Payable (final payment due 2032)	355,000		Interest Expense	10,800
Gerri Faber, Capital	603,750

1. Prepare a multiple-step income statement.

2. Prepare a statement of owner's equity.

3. Prepare a balance sheet, assuming that the current portion of the note payable is $14,200.

4. Which type of income statement shows intermediate balances?

I think that I know some of these answers but I am concerned that I am getting the wrong answers.