Single-step income statement and balance sheet Selected accounts and related amounts for Kanpur Co. for the fiscal year ended June 30, 2017, are shown below. Cash Accounts Receivable $92,000 Retained Earnings $381,000 Inventory Estimated Returns Inventory Office Supplies 450,000 Dividends 370,000 Sales 300,000 8,925,000 5,000 Cost of Goods Sold 5,620,000 10,000 Sales Salaries Expense 850,000 Prepaid Insurance Office Equipment 12,000 Advertising Expense 420,000 220,000 Depreciation Expense-Store Equipment 33,000 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 38,500 Insurance Expense 24,000 Customers Refunds Payable Salaries Payable 10,000 Depreciation Expense-Office Equipment 4,000 Office Supplies Expense 10,000 4,000 Note Payable (final payment due in 20 years) 140,000 Miscellaneous Administrative Expense 6,000 Common Stock 50,000 Interest Expense 12,000 Required: