Multiple-Step Income Statement On March 31, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: $170,000 $977,150 Accounts Receivable Accumulated Depreciation-Building Administrative Expenses 769,050 Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Building 548,200 2,605,100 180,950 305,600 3,687,000 177,000 316,700 20,750 1,320,600 8,300 6,299,600 717,450 Cash Chamon Stock Cost of Goods Sold Selling Expenses Store Supplies Dividends 90,000 Interest Expense 9,750 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 2019. Royal Furnishings Company Income Statement For the Year Ended March 31, 2019 Dividends x Gross profit Expenses: Total expenses Other expense