Multipie-Step Income Stotement On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as fallows: a. Prepare a multiple-step income statement for the fiscal year ended March 31,209. a. Prepare a multiple-step income statement for the fiscal year ended March 31,2019 , fateliack * Copeck My wox an itustraten b. What is a major advantage of the multiple-step income statement over the single-step income statement? The multiple-step income statement shows the relationship of gross profit to sales