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On March 31, 20Y5, the balances of the accounts appearing in the ledger of Lange Daughters Inc. are as follows: Administrative Expenses $ 278,700 Inventory

On March 31, 20Y5, the balances of the accounts appearing in the ledger of Lange Daughters Inc. are as follows:

Administrative Expenses $ 278,700 Inventory $ 290,100
Accumulated Dep. - Building 228,880 Notes Payable 65,700
Building 1,144,400 Office Supplies 23,500
Common Stock 150,000 Retained Earnings 1,120,300
Cash 108,500 Sales 2,840,800
Cost of Goods Sold 1,563,100 Selling Expenses 457,600
Dividends 55,600 Store Supplies 17,400
Interest Expense 16,800

a. Prepare a multiple-step income statement for the year ended March 31, 20Y5.

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