The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2014:

Cash 92000 Accounts Receivable 450000 Inventory 370000 Office Supplies 10000 Prepaid Insurance 12000 Office Equipment 220000 Accumulated Depreciation Office Equipment 58000 Store Equipment 650000 Accumulated Depreciation Store Equipment 87500 Accounts Payable 38500 Salaries Payable 4000 Costumer refund Payable 10000 Note Payable (final payment due 2032) 140000 Gerri faber , Capital 431000 Gerri Faber drawing 300000

Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense Office Equipment Office Supplies Expense Miscellaneous Administrative Exp. Interest Expense

$8,925,000 5,620,000 850,000 420,000 33,000 18,000 540,000 48,000 24,000 10,000 4,000 6,000 12,000

Instructions

1. Prepare a multiple-step statement of comprehensive income.

2. Prepare a retained earnings statement.

3. Prepare a report form of statement of financial position, assuming that the current portion of the note payable is $7,000.

4. Prepare a Balance sheet