Laboln and n ma.... n n...... On March 31,20Y9, the balances of the accounts appearing in the ledger of Royal Furnshings Company, a furniture store, are as follows a Prepare a mulpile-step income statement for the fiscal year ended March 31, 20rg b. What is a mapr advanisge of the munple-stop noome statement over the sangle-step ncome statement? a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9 What is a major advantage of the multiple-step income statement over the single-step ificome statement? 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 clearly presents the value of total revenues. The multiple-step income statement is less complex to prepare