Instructions On March 31, 2018, the balances of the accounts appearing in the ledger of Royal Fumishings Company, a furniture wholesaler, are as follows: Accounts Receivable Accumulated Depreciation Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold $160,250 742,600 515,600 2,552,350 183,850 295,050 3.903.350 185,250 10,200 1,000,900 254,900 20.350 1,315,950 8,050 Dividends Interest Expenso Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Seling Expenses Store Supplies 6,618,600 706.050 86,700 "A. Prepare a multiple-stop income statement for the year ended March 31, 2018. Be sure to complete the statement heading. Refer to the information given in the exercise and to the Ast of Label and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear in the required. In the Other Income and expenses section ony, enter amounts that represent other expenses as negative numbers using a minus sign 8. What is a major advantage of the multiple-stop income statement over the anglo-stop income statement? Final Question B. What is a major advantage of the multiple-step income statement over the single-step income statement? The multiple-step income statement clearly presents the value of total revenues. The multiple-step income statement clearly presents the value of total expenses. The multiple-step income statement shows the relationship of gross profit to sales. The multiple-step income statement is less complex to prepare