On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows:

Accumulated Depreciation-Building	$752,300
Administrative Expenses	540,650
Building	2,553,550
Cash	167,750
Cost of Merchandise Sold	3,964,300
Interest Expense	10,200
Kathy Melman, Capital	1,515,650
Kathy Melman, Drawing	169,200
Merchandise Inventory	981,650
Notes Payable	255,650
Office Supplies	20,150
Salaries Payable	8,200
Sales	6,235,450
Selling Expenses	736,600
Store Supplies	91,300

	Required:
a.	Prepare a multiple-step income statement for the year ended March 31, 2019. Be sure to complete the heading of the statement. Refer 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 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?