3. Prepare a balance sheet, assuming that the current portion of the note payable is $18,125. KANPUR CO. Balance Sheet June 30, 20Y7 Assets Current assets: Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation-office equipment Book value office equipment Store equipment Accumulated depreciation-store equipment Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30, 20Y7. 3. Prepare a balance sheet, assuming that the current portion of the note payable is $18,125. Accumulated depreciation-store equipment Inventory X Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Salaries payable Customer refunds payable Estimated coupons payable Note payable (current portion) Total current liabilities Long-term liabilities: Note payable (lonq-term portion) Total liabilities Stockholders' equity Common stock Retained earnings 249,100 528,300 18,125 Expenses: Selling expenses: Sales salaries expense Advertising expense Depreciation expense-store equipment Miscellaneous selling expense Total selling expenses Administrative expenses: Office salaries expense Rent expense Insurance expense Depreciation expense-office equipment Office supplies expense Miscellaneous administrative expense Total administrative expenses Total operating expenses Operating income $674,200 185,400 36,100 15,800 $875,400 $368,100 54,400 16,900 27,200 10,000 7,200 Other revenue and expense: Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1. Prepare a multiple-step income statement