Obj. 3 PR 5-5B Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2018: 381,000 92,000 Retained Earnings 450,000Dividends 370,000Sales Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation- 300,000 8,925,000 5,000Cost of Goods Sold 10,000 Sales Salaries Expense 12,000 Advertising Expense 5,620,000 850,000 420,000 220,000Depreciation Expense- Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense- 33,000 18,000 540,000 48,000 24,000 58,000 Office Equipment Store Equipment Accumulated Depreciation- 650,000 Store Equipment Accounts Payable Customers Refunds Payable Salaries Payable Note Payable (final payment due 2034) Common Stock 87,500 38,500 10,000 4,000 Office Equipment Office Supplies Expense Miscellaneous Administrative 10,000 4,000 140,000 Exp. Interest Expense 6,000 50,000 12,000