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Multiple-Step Income Statenent 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 Statenent On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as folows Accumulated Depreciation-Building $713,350 Merchandise Inventory $978,800 Administrative Expenses 524,300 Notes Payable 243,350 Building 2,383,850 office Supplies 20,900 Cash 167,300 Salaries Payable 7,600 Cost of Merchandise Sold 3,770,750 Sales 6,174,950 Interest Expense 10,300 Selling Expenses 739,450 Kathy Melman, Cepital 1,577,450 Store Supplies 89,750 Kathy Melman, Drawing 173,250 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 expermie Next Previous Check My Work 2 mare Check My Work uses remanirg

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