Need help, on my last few assignments for the semester. I'm behind in work.

Any help will be greatly appreciated. On March 31, 2018, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture wholesaler, are as follows: Accounts Receivable $169,900 Accumulated Depreciation-Building 746,350 Administrative Expenses 515,750 Building 2,419,500 Cash 184,750 Common Stock 300,500 Cost of Goods Sold 3,925,500 Dividends 185,950 Interest Expense 9,950 Inventory 1,020,900 Notes Payable 259,350 Office Supplies 19,150 Retained Earnings 1,343,400 Salaries Payable 7,600 Sales 6,144,850 Selling Expenses 732,500 Store Supplies 92,700 A. Prepare a multiple-step income statement for the year ended March 31, 2018. Be sure to complete the statement heading. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. In the Other income and expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign. B. What is a major advantage of the multiple-step income statement over the single-step income statement? Labels For the Year Ended March 31, 2018 March 31, 2018 Operating expenses Other revenue and expense Amount Descriptions Gross profit Income from operations Net income Net loss Total assets Total liabilities Total operating expenses Total stockholders equity A. Prepare a multiple-step income statement for the year ended March 31, 2018. Be sure to complete the statement heading. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. In the Other income and expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign.

Score: 6/97

Royal Furnishings Company

Income Statement

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