EX 6-25 Multiple-step income statement OBJ. 4 On March 31, 2014, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing $ 419,000 302,000 1,397,000 98,000 2,123,000 6,000 887,000 98,000 Merchandise Inventory Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies $ 547,000 140,000 11,000 4,000 3,582,000 400,000 50,000 4. Prepare a multiple-step income stadement for the year ended March 31, 2084. Heading 4 Ex. 6-25 Danns Furnishings Company Income Statement For the Year Ended March 31, 2044 Sales Cost of goods sold (COGS) Gross Profit Operating expenses: Total operating expenses Net Income End of the assessment Page 11 of 11 864 words CB English (United States)