( 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: Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing $766,200 521,550 2,457,000 170,050 3,838,400 9,800 1,586,950 183,550 Gross profit Expenses: Income Statement For the Year Ended March 31, 20Y4 Merchandise Inventory a. Prepare a multiple-step income statement for the year ended March 31, 2014. Danns Furnishings Company Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies $943,700 262,500 20,500 8,100 6,186,300 681,050 94,050 Next

On March 31, 20r4, the balances of the accounts appearing in the ledger of Danns Fumishings Company, a fumiture wholesalec, are as follows: 6. Frepare a multibie-step income statement for the vear ended Harch 31. 204