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Multiple - Step Income Statement On March 3 1 , 2 0 Y 4 , the balances of the accounts appearing in the ledger of

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:
\table[[Accumulated Depreciation-Building,$739,900,Merchandise Inventory,],[Administrative Expenses,545,900,Notes Payable,$994,700
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