The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2015: Cash $118,900 Gerri Faber, Drawing $71,200 Accounts Receivable 307,700 Sales 4,299,200 Merchandise Inventory 361,450 Cost of Merchandise Sold 2,519,300 Office Supplies 11,200 Sales Salaries Expense 708,400 Prepaid Insurance 8,700 Advertising Expense 194,800 Office Equipment 261,700 Depreciation Expense-Store Equipment 38,000 Accumulated Depreciation-Office Equipment 177,800 Miscellaneous Selling Expense 16,600 Store Equipment 816,900 Office Salaries Expense 386,800 Accumulated Depreciation-Store Equipment 261,700 Rent Expense 57,100 Accounts Payable 181,100 Insurance Expense 17,700 Customer Refunds Payable 28,600 Depreciation Expense-Office Equipment 28,600 Salaries Payable 11,600 Office Supplies Expense 10,500 Note Payable (final payment due in eight years) 380,000 Miscellaneous Administrative Exp. 7,600 Gerri Faber, Capital 614,750 Interest Expense 11,600 Note payable (current portion) Total current liabilities Long-term liabilities: Note payable (final payment due in eight years) Total liabilities Owner's equity Gerri Faber, capital 845,750 Total liabilities and owner's equity $ The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2015: Cash $118,900 Gerri Faber, Drawing $71,200 Accounts Receivable 307,700 Sales 4,299,200 Merchandise Inventory 361,450 Cost of Merchandise Sold 2,519,300 Office Supplies 11,200 Sales Salaries Expense 708,400 Prepaid Insurance 8,700 Advertising Expense 194,800 Office Equipment 261,700 Depreciation Expense-Store Equipment 38,000 Accumulated Depreciation-Office Equipment 177,800 Miscellaneous Selling Expense 16,600 Store Equipment 816,900 Office Salaries Expense 386,800 Accumulated Depreciation-Store Equipment 261,700 Rent Expense 57,100 Accounts Payable 181,100 Insurance Expense 17,700 Customer Refunds Payable 28,600 Depreciation Expense-Office Equipment 28,600 Salaries Payable 11,600 Office Supplies Expense 10,500 Note Payable (final payment due in eight years) 380,000 Miscellaneous Administrative Exp. 7,600 Gerri Faber, Capital 614,750 Interest Expense 11,600 Note payable (current portion) Total current liabilities Long-term liabilities: Note payable (final payment due in eight years) Total liabilities Owner's equity Gerri Faber, capital 845,750 Total liabilities and owner's equity $