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 $749,850 Merchandise Inventory $961,200 249,700 Administrative Expenses 565,350 2,499,650 Building Notes Payable Office Supplies Salaries Payable Cash 178,100 19,550 7,700 6,207,400 Cost of Merchandise Sold 3,941,400 Sales Interest Expense 10,000 Selling Expenses 702,950 1,507,400 Store Supplies 87,200 Kathy Melman, Capital Kathy Melman, Drawing 167,100 a. Prepare a multiple-step income statement for the year ended March 31, 2019. Racine Furnishings Company Income Statement For the Year Ended March 31, 2019 Gross profit Expenses: Total expenses Other expense