Accumulated Depreciation-Building $760,850 Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing a. Prepare a multiple-step income statement for the year ended March 31, 2019. 564,000 2,385,550 179,400 3,965,600 9,800 1,645,650 176,300 Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies $959,800 240,350 20,000 7,750 6,577,950 683,600 86,600 Racine Furnishings Company Income Statement For the Year Ended March 31, 2019 Sales Cost of merchandise sold Gross profit Expenses: Selling expenses Administrative expenses Total expenses Income from operations Other expense Interest expense Net Income