Multiple-step income statement and salance sheet MiscellaneousAdministrativeExpenseInterestExpense7,00010,600 Required: 1. Prepare a muitiple-step incomestatement: Kanpur Co. Income Statement For the Year Ended June 30, 20Y7 Expenses: Selling expenses: Total selling expenses 5 Administrative expenses: Total administrative expenses Total operating expenses 5 7 4. Which type of income stakement shows intermediate baiances