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Problem 6-5B Name: Section: Score: 0% Key Code: [Key code here] Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. Essay answers will not be graded. 1. KANPUR CO. Income Statement Revenue from sales: Less: Net sales Cost of merchandise sold Gross profit Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total expenses Income from operations Other expense: Net income 2. KANPUR CO. Statement of Owner's Equity Gerri Faber, July 1, 2013 Gerri Faber, capital, June 30, 2014 3. KANPUR CO. Balance Sheet Assets Current assets: Total current assets: Property, plant, and equipment: Office equipment Store equipment Total property, plant and equipment Total assets Liabilities Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Owner's Equity Gerri Faber, capital Total liabilities and owner's equity 4. a. (Enter essay answer here) b. (Enter essay answer here)