eBook Show Me How Print Item Multiple-Step Income Statement On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building $756,650 Merchandise Inventory $980,600 Administrative Expenses 542,800 Notes Payable 250,850 Building 2,508,000 Office Supplies 20,700 Cash 175,250 Salaries Payable 8,050 Cost of Merchandise Sold: 3,937,000 Sales 6,664,950 Interest Expense 9,900 Selling Expenses 718,100 Kathy Melman, Capital 1,517,350 Store Supplies 86,500 Kathy Melman, Drawing 170,100 a. Prepare a multiple-step income statement for the year ended March 31, 2019. Racine Furnishings Company Income Statement For the Year Ended March 31, 2019 Gross profit Expenses: Total expenses Other expense: Check My Work Previou Save and Exit Submit Ass eBook Show Me How Print Item Multiple-Step Income Statement On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building $756,650 Merchandise Inventory $980,600 Administrative Expenses 542,800 Notes Payable 250,850 Building 2,508,000 Office Supplies 20,700 Cash 175,250 Salaries Payable 8,050 Cost of Merchandise Sold: 3,937,000 Sales 6,664,950 Interest Expense 9,900 Selling Expenses Kathy Melman, Capital 1,517,350 Store Supplies 718,100 86,500 Kathy Melman, Drawing 170,100 a. Prepare a multiple-step income statement for the year ended March 31, 2019. Racine Furnishings Company Income Statement For the Year Ended March 31, 2019 Gross profit Expenses: Total expenses Other expense: Check My Work Previou Save and Exit Submit Ass