Prepare a balance sheet, assuming that the current portion of the note payable is $$17,500.$

KANPUR CO$.$

Balance Sheet

June $30,20$Y$7$Assets$$Current assets:$$

Accounts payableCashOffice equipmentRent expenseSales

$$$fill in the blank $48$

Accounts payableAccounts receivableCommon stockInterest expenseStore equipment

$$fill in the blank $50$

Accumulated depreciationInterest expenseInventoryNote payableSales returns and allowances

$$fill in the blank $52$

Estimated returns inventoryOffice equipmentOffice supplies expenseOffice suppliesSales discounts

$$fill in the blank $54$

Common stockOffice equipmentOffice supplies expenseOffice suppliesSales discounts

$$fill in the blank $56$

Accounts payableCost of goods soldInsurance expenseNote payablePrepaid insurance

$$fill in the blank $58$Total current assets$$$fill in the blank $59$