ow.com/ilm/take Assignment/take Assignment Main do Pinprogress true eBook 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, 2017: Cash $122,600 Retained Earnings $540,400 Accounts Recelvable 329,800 Dividends 73.400 Inventory 372,700 Sales 4,491,000 Estimated Returns Inventory 5,000 Cost of Goods Sold 2,597,700 Office Supplies 11,600 Sales Salaries Expense 730,500 Prepaid Insurance 8,900 Advertising Expense 200,900 Office Equipment 269,800 Depreciation Expense-Store Equipment 39,100 Accumulated Depreciation-Office Equipment 183,400 Miscellaneous Selling Expense 17,100 Store Equipment 842,300 Office Salaries Expense 398,300 Accumulated Depreciation-Store Equipment 269,800 Rent Expense 58,900 Accounts Payable 183,700 Insurance Expense 18,300 Salaries Payable 11,900 Depreciation Expense-Office Equipment 29,400 Customer Refunds Payable 10,000 Office Supplies Expense 10,800 Estimated Coupons Payable 3,000 Miscellaneous Administrative Expense 7,800 Note Payable (final payment due in 20 years) 392,500 Interest Expense 11 900 Common Stock 71.600 Required: 1. Prepare a multiple-step income statement Kanpur Co. Income Statement For the Year Ended June 30, 2017 Expenses Check My Work 1 more Check My Work uses remaining 1:35:42 All work saved Email Instruc ORI 31F Sunny A 0 X engagenow.com/ilm/takeAssignment takeAssignment Main.do?inprogress true Final eBook Kanpur Co. Income Statement For the Year Ended June 30, 2017 Expenses: Selling expenses Total selling expenses Administrative axpanses Total administrative expenses Total operating expenses Check My Work 1 more Check My Work uses remaining Previou Remaining 1:35:35 All work saved Email Instructor Submit Assi 31F Sunny * du poo POUP as DI Prtsen Home End /ilm/takeAssignment/take AssignmentMain.do?inprogress=true Book Total administrative expenses otal operating expenses 2. Prepare a statement of stockholders' equity. Additional common stock of $7,500 was issued during the year ended June 30, 2017. Kanpur to Statement of stockholders' Equity For the Year Ended June 30, 2017 Common Stock Retained Earnings Total 3. Prepare a balance sheet, assuming that the current portion of the note payable is $19.625. KANPUR CO Balance Sheet Dune 30, 2017 Assets Current assets