On March 31, 2018, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture wholesaler, are as follows:

A. Prepare a multiple-step income statement for the year ended March 31, 2018.
B. jsaammr Compare the major advantages and disadvantages of the multiple-step and single-step forms of income statements.

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Accounts Receivable Accumulated Depreciation Administive Expenses Building Cash Common Stock Cost of Goods Sold Dividends Interest Expense $170,000 nentory 980,000 250,000 20,000 1,987,000 8,000 8,245,000 575,000 90,000 Building 750,000 Notes Payable 435,000 Office Supplies 3,500,000 Retained Earnings 80,000 Ss Payable 00,000 Sales 5,500,000 Sling Expenses 175,000 Store Supplies 15,000