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Multiple-step income statement and balance sheet spear in the ledger of Kanpur Co. for the fiscal year ended June 30, 20Y7: Kanpur Co. Income Statement For the 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. Kanpur Co. Statement of Stockholders' Equity For the Year Ended June 30, 20Y7 3. Prepare a balance sheet, assuming that the current portion of the note payable is $20,625. KANPUR CO. Balance Sheet June 30, 20Y7 Assets Current assets: Cash Accounts receivable Inventory Estimated returns inventory Office supplies Prepaid insurance Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation-office equipment Book value-office equipment Store equipment Accumulated depreciation-store equipment Book value-store equipment Total property, plant, and equipment Total assets 5,000 12,100 9,400 Liabilities Current liabilities: Customer refunds payable Estimated coupons payable Note payable (current portion) Total current liabilities Long-term liabilities: Note payable (long-term portion) Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4. Which type of income statement shows intermediate balances? Multiple-step

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