On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated DepreciationBuilding $ 419,000 Merchandise Inventory $ 547,000 Administrative Expenses 302,000 Notes Payable 140,000 Building 1,397,000 Office Supplies 11,000 Cash 98,000 Salaries Payable 4,000 Cost of Merchandise Sold 2,123,000 Sales 3,582,000 Interest Expense 6,000 Selling Expenses 400,000 Kathy Melman, Capital 887,000 Store Supplies 50,000 Kathy Melman, Drawing 98,000 a. Prepare a multiple-step income statement for the year ended March 31, 20Y4. b. Compare the major advantages and disadvantages of the multiple-step and single-step forms of income statements