$\backslash$table$[[,,,],[$Accounts Receivable,$$,$Notes Payable,$On March $31,20$Y$9,$ the balances of the accounts appearing in the ledger of Royal Furnishings, a furniture store, are as follows: Accounts Receivable $$170,000$ Notes Payable $$250,000$ Accumulated Depreciation$$Building $750,000$ Office Supplies $20,000$ Administrative Expenses $435,000$ Pedro Dellas, Capital $2,287,000$ Building $3,500,000$ Pedro Dellas, Drawing $175,000$ Cash $80,000$ Salaries Payable $8,000$ Cost of Goods Sold $5,500,000$ Sales $8,245,000$ Interest Expense $15,000$ Selling Expenses $575,000$ Inventory $980,000$ Store Supplies $90,000$ a$.$ Prepare a multiple$-$step income statement for the fiscal year ended March $31,20$Y$9.$ b$.$ Compare the major advantages and disadvantages of the multiple$-$ and single$-$step forms of income statements.