Using the given data:

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

$2.$ ?Prepare a statement of stockholders$?$ ?ended June $30,20$Y$7$

$3.$ ?Prepare a balance sheet, assuming that the current portion of the note payable is $$18,250.$

Inventory The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 2017: Cash Accounts Receivable $113,800 Retained Earnings 308,900 Dividends 346,000 Sales $501,700 68,200 4,169,300 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,411,600 Office Supplies 10,700 Sales Salaries Expense 678,200 Prepaid Insurance Office Equipment 8,300 Advertising Expense 186,500 250,500 Depreciation Expense-Store Equipment 36,300 Store Equipment Accumulated Depreciation-Office Equipment 170,200 Miscellaneous Selling Expense Office Salaries Expense Accumulated Depreciation-Store Equipment 250,500 Rent Expense 15,900 782,000 370,200 54,700 Accounts Payable 170,300 Insurance Expense 17,000 Salaries Payable Customer Refunds Payable 11,100 Depreciation Expense-Office Equipment 10,000 Office Supplies Expense 27,300 10,000 Estimated Coupons Payable Note Payable (final payment due in 20 years) 365,000 Interest Expense 3,000 Miscellaneous Administrative Expense 7,300 11,100 Common Stock 68,400