On March 31, 2014, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: $742,600 515,600 2,552,350 170,400 3,698,650 10,400 1,505,050 Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing Merchandise Inventory Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies 175,450 992,800 244,350 20,000 8,100 6,501,450 715,850 86,300 Required: a. Prepare a multiple-step income statement for the year ended March 31, 2014. Be sure to complete the statement heading. Refer to the account names in the instructions and the Nsts of Labels and Amount Descriptions for the exact wording of text entries. Enter amounts as positive 2. Prepare a multiple-step Income statement for the year ended March 31, 2014. Be sure to complete the statement heating. Beforno the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount For example: Not loss should be negative. Expenses should be positive. Acolon () will automatically appear in it is required Question not attempted Score: 0/95 Darns Furnishings Company Income Statement (Label) 3 + Label