Multiple Step Income Statement On March 21, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable $170,000 Inventory $995,200 Accumulated Depreciation Building 253,400 Notes Payable 313,450 Adinitrative Expenses 535,050 Office Supplies 20,400 Budding 2,597,550 Retained Earnings 1,245,200 Cash 173,900 Salones Payable 7.750 Common Stock 294,850 Sales 6,374,150 Cost of Goods Sold 3,893,250 Selling Expenses 742,550 Dividends 181,950 Store Supplies 88.800 Interest Expense 10,300 a. Prepare a multiple step income statement for the fiscal year ended March 31, 2019, Royal Furnishings Company Income Statement For the Year Ended March 31, 2019 Gross profit Expenses