PR 5-5B Multiple-Step Income Statement and Balance Sheet Obj. 4 The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Cash Accounts Receivable Inventory Estimated Returns Inventory Office Supplies $ 92,000 Retained Earnings 450,000 Dividends 370,000 Sales $ 381,000 300,000 8,925,000 5,000 Cost of Goods Sold 5,620,000 10,000 Sales Salaries Expense 850,000 Prepaid Insurance 12,000 Advertising Expense 420,000 Office Equipment 220,000 Depreciation Expense-Store 33,000 Equipment Accumulated Depreciation-Office Equipment 58,000 Miscellaneous Selling Expense 18,000 Store Equipment 650,000 Office Salaries Expense 540,000 Accumulated Depreciation-Store Equipment 87,500 Rent Expense 48,000 Accounts Payable Salaries Payable Customer Refunds Payable Estimated Coupons Payable 35,500 Insurance Expense 24,000 4,000 Depreciation Expense-Office Equipment 10,000 10,000 Office Supplies Expense 4,000 3,000 Miscellaneous Administrative Expense 6,000 Note Payable (final payment due in 20 years) 140,000 Interest Expense 12,000 Common Stock 50,000