On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings, a furniture store, are as follows: Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Goods Sold Interest Expense Inventory Notes Payable Office Supplies Pedro Dellas, Capital Pedro Dellas, Drawing Salaries Payable Sales Selling Expenses Store Supplies $170,000 750,000 435,000 3,500,000 80,000 5,500,000 15,000 980,000 250,000 20,000 2,287,000 175,000 8,000 Gross profit 8,245,000 575,000 90,000 4 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9. Royal Furnishings Income Statement For the Year Ended March 31, 20Y9 Line Item Description Amount Amount

a. Prepare a multiple-step income statement for the fiscal year ended March 31,20 Y9