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Multiple-Step Income Statement On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as

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Multiple-Step Income Statement On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation- Building Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing $733,650 523,750 2,565,500 177,550 3,637,800 10,450 1,573,450 173,500 Merchandlse Inventory Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies $1,016,500 251,050 20,800 8,050 6,375,950 715,950 90,900 a. Prepare a multiple-step income statement for the year ended March 31, 2019

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