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 $165,250 Accumulated Depreciation-Building 758,050 Administrative Expenses 522,950 Building 2,558,950 Cash 184,200 Common Stock 308,650 Cost of Goods Sold 3,884,500 Dividends 184,250 Interest Expense 9,500 Inventory 1,008,800 Notes Payable 250,600 Office Supplies 20,200 Retained Earnings 1,349,550 Salaries Payable 7,750 Sales 6,243,700 Selling Expenses Store Supplies 733,950 94,450 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