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 Otfice Supplies Prepaid Insurance Otfice Equipment Accumulated Depreciation-office Equipment Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable Salaries Payable Customer Refunds Payable Estimated Coupons Payable Note Payable (final payment due in 20 years) 382,500 Common stock Retained Eamings Dividends Sales Cost of Goods Sold $119,500 321,400 363,200 5,000 11,300 8,700 263,000 178,700 820,800 263,000 179,000 11,600 10,000 3,000 69,700 526,600 71,600 4,376,600 2,531,500 7+1 nna Previous Next 1. Prepare a multiple-step income statement. 2. Prepare a statement of stockholders' equity, Additional common stock of $7,500 was issued during the year ended June 30,207. June 30,20Y7 Assets Current assets: Cash Accounts receivable Inventory Estimated returns inventory Office supplies Prepaid insurance Total current assets Property, plant, and equipment: office equipment Accumulated depreciation-office equipment Book valuo-office equipment Store equipment Accumulated depreciation-store equipment Book value-store equipment Total property, plant, and equipment Check My Work Previous Next Total assets Liabilities Current habilities: Accounts payable Salaries payable Customer refunds payable Estimated coupons payable Note payable (current portion) v Total current liabilities Long-term liabalities: Note payabie (lonq=term portion) Total tiabilities Stockholders' equity Common stock + Retained earnings Total stockholders' equity Total liabilities and stockholders' equity