The following selected accounts and their current balances appear in the ledger of Kanpur Co$.$ for the fiscal year ended June $30,20$Y$5$:

Cash $$127,200$ Gerri Faber, Drawing $$76,200$

Accounts Receivable $329,100$ Sales $4,598,200$

Merchandise Inventory $386,600$ Cost of Merchandise Sold $2,694,600$

Office Supplies $12,000$ Sales Salaries Expense $757,700$

Prepaid Insurance $9,300$ Advertising Expense $208,400$

Office Equipment $279,900$ Depreciation Expense$$Store Equipment $40,600$

Accumulated Depreciation$$Office Equipment $190,200$ Miscellaneous Selling Expense $17,800$

Store Equipment $873,700$ Office Salaries Expense $413,700$

Accumulated Depreciation$$Store Equipment $279,900$ Rent Expense $61,100$

Accounts Payable $193,700$ Insurance Expense $18,900$

Customer Refunds Payable $30,500$ Depreciation Expense$$Office Equipment $30,500$

Salaries Payable $12,400$ Office Supplies Expense $11,200$

Note Payable $($final payment due in eight years$)407,500$ Miscellaneous Administrative Exp. $8,100$

Gerri Faber, Capital $656,600$ Interest Expense $12,400$

Required:

$1.$ Prepare a multiple$-$step income statement.