The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019:

Cash	$117,800		Gerri Faber, Drawing	$70,500
Accounts Receivable	314,000		Sales	4,258,000
Merchandise Inventory	358,000		Cost of Merchandise Sold	2,495,300
Estimated Returns Inventory	14,150		Sales Salaries Expense	701,700
Office Supplies	11,100		Advertising Expense	193,000
Prepaid Insurance	8,600		Depreciation ExpenseStore Equipment	37,600
Office Equipment	259,200		Miscellaneous Selling Expense	16,500
Accumulated DepreciationOffice Equipment	176,100		Office Salaries Expense	383,100
Store Equipment	809,100		Rent Expense	56,600
Accumulated DepreciationStore Equipment	259,200		Insurance Expense	17,500
Accounts Payable	179,400		Depreciation ExpenseOffice Equipment	28,300
Customer Refunds Payable	28,300		Office Supplies Expense	10,400
Salaries Payable	11,500		Miscellaneous Administrative Exp.	7,500
Note Payable (final payment due 2032)	377,500		Interest Expense	11,500
Gerri Faber, Capital	631,450

1. Prepare a multiple-step income statement. Kanpur Co Income Statement For the Year Ended June 30, 2019 Expenses Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses