On March $31,20$Y$9,$ the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable

Accumulated Depreciation$$Building Administrative Expenses Building

Cash Common Stock

Cost of Goods Sold Dividends

Interest Expense $ $170,000$ Inventory

$750,000$ Notes Payable $435,000$ Office Supplies $3,500,000$ Retained Earnings $80,000$ Salaries Payable $300,000$ Sales

$5,500,000$ Selling Expenses $175,000$ Store Supplies $15,000$a$.$ Prepare a multiple$-$step income statement for the fiscal year ended March $31,20$Y$9.$