167,750 10,200 Instructions On March 31, 20Ya, the balances of the accounts appearing in the lodger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation Building $752,300 Administrative Expenses 540,650 Building 2,553,550 Cash Cost of Merchandise Sold 3,964,300 Interest Expenso Kathy Melman, Capital 1,515,650 Kathy Melman, Drawing Merchandise Inventory 981,850 Notes Payable 255,650 Office Supplies 20,150 Salaries Payable 8,200 Sales 6,235,450 Selling Expenses 736,600 Store Supplies 91,300 169,200 Required: a. Prepare a multiple-step income statement for the year ended March 31, 2014. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. Enter amounts as positive numbers unless the amount is a cinculation that results in a negative amount. For example: Not loss should be negativo. Expenses should be positivo. A colon () will automatically appear if it is required. b. What is a major advantage of the multiple-stop income statement over the single-stop income statement? Income Statement warystopinome state for me ew med March 31, 2018 Be sure to comment to me connection and most of Label and Andres moet wong or externer amos a ponto ruter une the amount is a collection that we are alvenait For No ad te regalo para saber por away www Warred Danns Furnishings Company oome Statement . b. What is a major advantage of the multiple-step income statement over the single-step income statement? The multiple-step income statement is less complex to prepare. The multiple-step income statement clearly presents the value of total expenses. The multiple-step income statement clearly presents the value of total revenues. The multiple-step income statement shows the relationship of gross profit to sales