The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2019 Cash $92,000 Gerri Faber, Drawing $300,000 450,000 Sales 8,925,000 370,000 Cost of Merchandise Sold 5,620,000 5,000 Sales Salaries Expense 850,000 420,000 Accounts Receivable Merchandise Inventory Estimated Returns Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-office Equipment Store Equipment Accumulated Depreciation-store Equipment 10,000 Advertising Expense 12,000 Depreciation Expense-Store Equipment 33,000 18,000 220,000 Miscellaneous Selling Expense 58,000 Office Salaries Expanse 540,000 650,000 Rent Expense 48,000 87,500 Insurance Expense 24,000 Accounts Payable 38,500 Depreciation Expense-Office Equipment 10,000 Customer Refunds Payable 10,000 Office Supplies Expense 4,000 Salaries Payable 4,000 Miscellaneous Administrative Exp. 6,000 Note Payable (final payment due 2032) 140,000 Interest Expense 12,000 Gorr Faber, Capital 431,000 KANPUR CO. Income Statement For the Year Ended June 30, 2019 Expenses: Selling expenses: CA Total selling expenses Administrative expenses: S Total selling expenses $ Administrative expenses: $ Total administrative expenses Total operating expenses Liabilities Current at Current bites: Total current abilities Long-term abilities: Property, blant and equipment Total abilities Owner's equity toe pert. Blant and woment Totalt and owner's muy My War