a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y. b. What is a major advantage of the multiple-step income statement over the single-step income statement? Multiple-step income statement On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: a. Prepare a multiple-step income statement for the fiscal year ended March 31,20Y9