On March 31, 20Y9, the balances of the accounts appearing in the lodgor of Poyal Fumishings Company, a furnitura store, are as follows: Labels and Amount Descriptions X Labels Expenses For the Year Ended March 31, 20Y9 March 31, 20 Y9 Other revenue and expense Amount Descriptions Gross profit Net income Net loss Operating income Total assets Total liabilities Total expenses Total stockholders' equity a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Yg. a. Prepare a multiplo-step income statement for the fiscal year ended March 31, 20Yg. b. What is a major advantage of the multiplo-step income statement over the single-step income statement