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	$160,250
Accumulated Depreciation-Building	783,500
Administrative Expenses	524,850
Building	2,563,700
Cash	184,450
Common Stock	306,600
Cost of Goods Sold	3,721,950
Dividends	185,600
Interest Expense	9,550
Inventory	1,005,950
Notes Payable	254,900
Office Supplies	20,800
Retained Earnings	1,324,350
Salaries Payable	8,100
Sales	6,255,450
Selling Expenses	692,550
Store Supplies	89,550

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?