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O O These Wacked Lean ILMS Ancie CangaNOWV2 Online te mework Chapter 5 ebook Br Show Me How TE EN On March 31, 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 $1,004,850 Accumulated Depreciation Building 751,650 Notes Payable 298,450 Administrative tenses 565,600 Office Supplies 20,550 Building 2,605,650 Retained Earrings 1,237,250 Cash 177,750 Salaries Payable 7,800 Common Stock 308,400 Sales 6,574,650 Cost of Goods Sold 3,856,800 Seling Expenses 730,300 Dividends 175,950 Store Supplies 36,500 Interest Expense 9,600 a. Prepare a multiple step income statement for the fiscal year ended March 31, 2010 Royal Furnishings Company Income Statement For the Year Ended March 31, 2019 Gross profit Expenses: Total expenses Check My Work Save and all Submit Assignment for Grading signment Score: 0.0% a tv 06 86,800 nework Chapter 5 oBook BShow Me How Exhibit Dividends 175,950 Store Supplies Interest Expense 9,600 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: Total expenses Other expense: b. What is a major advantage of the multiple-step income statement over the single-step income statement? Check My Work Say Assignment Score: 0.0%