Multiple-Step Income Statement On March 31, 2045, the balances of the accounts appearing in the ledger of Lange Daughters Inc. are as follows: $ 194,900 Administrative Expenses Accumulated Dep. - Building Building 44,100 15,800 Common Stock 703,200 $ 187,200 Inventory 153,720 Notes Payable 768,600 Office Supplies 150,000 Retained Earnings 72,900 Sales 1,049,900 Selling Expenses 37,400 Store Supplies 11,300 Cash 1,912,500 307,400 Cost of Goods Sold 11,700 Dividends Interest Expense a. Prepare a multiple-step income statement for the year ended March 31, 2045. Lange Daughters Inc. Income Statement For the Year Ended March 31, 2015 Operating Expenses: Total operating expenses Other expense: b. Disadvantages of a single-step form of income statement includes all of the following except