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

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On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a fumiture store, are as follows Accounts Receivable $160,250 Accumulated Depreciation-Building 742,600 Administrative Expenses 515,600 Building 2,552,350 Cash 183,850 Common Stock 295,050 Cost of Goods Sold 3,903,350 Dividends 105,250 Interest Expense 10,200 Inventory 1,000,000 Notes Payable 254,900 Office Supplies 20.350 Retained Earnings 1,315,950 Salaries Payable 8,050 Sales Selling Expenses Store Supplies a. Prepare a multiple-step income statement for the fiscal year ended March 31, 2019 6,618,600 706,050 86,700

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