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 Accumulated Depreciation-Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold, Dividends Interest Expense $170,000 750,000 Inventory Notes Payable $980,000 250,000 435,000 Office Supplies 20,000 3,500,000 80,000 Retained Earnings 1,987,000 Salaries Payable 8,000 300,000 Sales 8,245,000 5,500,000 Selling Expenses 575,000 175,000 15,000 Store Supplies 90,000 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9.