Current liabilities: Liabilities Accounts payable Salaries payable Customer refunds payable Estimated coupons payable Note payable (current portion) Total current liabilities Long-term liabilities: Note payable (long-term portion) Total liabilities 179,400 11,600 10,000 3,000 X

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 (long-term portion) Total liabilities 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, 20r7: Dividends 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 Expense Interest Expense 71,700 4,386,200 2,537,100 713,400 196,200 38,200 16,700 389,500 57,500 17,800 28,800 10,600 7,600 11,600