130,000 foe merdandse returned prior to Baboos Co. Deving the ariginal invelice. The cost of the merchendise returned is 517,500. 3. Journalite decoca Co.1 entry for the purchare. b. Journalize Bebos Co 's entry for the teturn of the merchandise for credit. Fowe No Win c. Sourtalue Balboa co,'s entry for the parment ot the impoise? On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows: a. Prepare a multiple-step income statement for the year ended March 31, 2019. 7 Check My Work a. Use the multiple-step income statement format, with its separation of revenues, cost of merchandise sold, illustration. What is a major advantage of the multiple-step income statement over the single-step income statement