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

Cash	$121,900		Gerri Faber, Drawing	$73,000
Accounts Receivable	324,900		Sales	4,405,500
Merchandise Inventory	370,400		Cost of Merchandise Sold	2,581,700
Estimated Returns Inventory	14,650		Sales Salaries Expense	726,000
Office Supplies	11,500		Advertising Expense	199,600
Prepaid Insurance	8,900		Depreciation ExpenseStore Equipment	38,900
Office Equipment	268,200		Miscellaneous Selling Expense	17,000
Accumulated DepreciationOffice Equipment	182,200		Office Salaries Expense	396,300
Store Equipment	837,100		Rent Expense	58,500
Accumulated DepreciationStore Equipment	268,200		Insurance Expense	18,100
Accounts Payable	185,600		Depreciation ExpenseOffice Equipment	29,300
Customer Refunds Payable	29,300		Office Supplies Expense	10,700
Salaries Payable	11,900		Miscellaneous Administrative Exp.	7,800
Note Payable (final payment due 2032)	390,000		Interest Expense	11,900
Gerri Faber, Capital	653,650

Required:

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

2. Prepare a statement of owner's equity.

Kanpur Co. Statement of Owner's Equity For the Year Ended June 30, 2019

3. Prepare a balance sheet, assuming that the current portion of the note payable is $15,600.

June 30, 2019
Assets
Current assets:
Total current assets
Property, plant, and equipment:
Total property, plant, and equipment
Total assets
Liabilities
Current liabilities:
Total current liabilities
Long-term liabilities:
Total liabilities
Owner's equity
Total liabilities and owner's equity

4. Which type of income statement shows intermediate balances?