Instructions: (a) Prepare a multiple-step income statement for Miller Co (b) Prepare a single-step income statement for Miller Co. (c) Assume that the inventory sh March 31 was $4,200. Prepare the adjusting entry to record the inventory shrinkage Multiple-Step Income Statement The following accounts and their normal balances were taken from the general edger of Mitler Co. after the adjusting entries have been posted for the fiscal year ending March 31. $ 49,620 107.780 115,800 1,250 8,740 60,150 22,950 75,300 2,000 50,000 143,650 30,000 1,016,700 13,010 681,060 78,250 13.090 42,100 9,050 13,950 55,800 9,100 16,000 6,870 1,020 Cash.. Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Delivery Equipment Equipment Accounts Payable Salaries Payable Capital Stock Retained Earnings Dividends.. Sales Returns and Allowances Cost of Merchandise Sold Sales Salaries Expense Delivery Expense Depreciation Expense-Delivery Equipment Miscellaneous Selling Expense Office Salaries Expense Office Supplies Expense Insurance Expense Miscellaneous Administrative Expense Interest Revenue