A. Prepare a multiple-step income statement for the fiscal year ended March 31, 2049. Be sure to complete the statement heading. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Labels and Amount Descriptions On March 31, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Royal Furnishings Company Income Statement Labels Expenses For the Year Ended March 31, 2019 March 31, 2019 $169,900 746,350 515,750 2.419,500 184,750 300,500 (Label) : 2 3.925,500 185.950 Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold Dividends Interest Expense Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Selling Expenses Store Supplies 4 (Label) Other revenue and expense Amount Descriptions Gross profit Net income Net loss Operating income Total assets Total liabilities Total expenses Total stockholders' equity 9.950 1.020,900 259,350 5 6 19,150 1.343,400 7 7.600 8 6.144,850 732.500 9 (Label) 92.700 10 1