find the right answer to this problem.

Multiple-Step Income Statement

On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows:

Accumulated DepreciationBuilding	$786,950		Merchandise Inventory	$989,000
Administrative Expenses	527,450		Notes Payable	244,550
Building	2,408,950		Office Supplies	19,600
Cash	179,750		Salaries Payable	7,700
Cost of Merchandise Sold	3,852,600		Sales	6,316,300
Interest Expense	9,750		Selling Expenses	726,700
Kathy Melman, Capital	1,603,850		Store Supplies	85,900
Kathy Melman, Drawing	175,300

a. Prepare a multiple-step income statement for the year ended March 31, 20Y4.

b.What is the major advantage of a multiple-step income statement over the single-step income statement.