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Multiple-Step Income Statement a furniture wholesaler, are as follows: Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold Dividends Interest Expense a. Prepare a multiple-step income statement for the year ended March 31, 2018. 170,000 Inventory 730,150 Notes Payable 513,300 Office Supplies 996,050 289,600 20,900 1,312,800 8,000 6,150,150 716,550 88,450 2,581,450 Retained Earnings 167,000 Salaries Payable 306,100 Sales 3,824,400 Selling Expenses 177,100 Store Supplies 10,250 Royal Furnishings Company Income Statement For the Year Ended March 31, 2018 Sales Cost of merchandise sold Gross profit Expenses: Selling expenses Administrative expenses Y Total expenses Income from operations Other expense