MUSS 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: Accounts Receivable $170,000 Inventory $1,008,850 Accumulated Depreciation-Building 741,600 Notes Payable 298,100 Administrative Expenses 554,400 Office Supplies 20,600 Bullding 2,527,400 Retained Earnings 1,294,200 Cash 170,200 Salaries Payable 8,400 Common Stock 288,950 Sales 6,297,650 Cost of Goods Sold 3,723,250 Selling Expenses 725,750 Dividends 180,450 Store Supplies 88.400 Interest Expense 9,850 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 Gross proft Expenses JO Dividends 180,450 Store Supplies 88,40 Interest Expense 9,850 a. Prepare a multiplestep income statement for the fiscal year ended March 31, 2049. Royal Furnishings Company Income Statement For the Year Ended March 31, 2019 Gross profit Expenses: