On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows:

Accounts Receivable	$163,800
Accumulated Depreciation-Building	740,900
Administrative Expenses	526,350
Building	2,507,600
Cash	186,150
Common Stock	304,450
Cost of Goods Sold	3,852,200
Dividends	184,450
Interest Expense	10,200
Inventory	1,022,600
Notes Payable	238,600
Office Supplies	19,050
Retained Earnings	1,267,250
Salaries Payable	7,700
Sales	6,264,600
Selling Expenses	735,850
Store Supplies	86,750

a.	Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9.
b.	What is a major advantage of the multiple-step income statement over the single-step income statement?