On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesaler, are as follows:

Accumulated Depreciation-Building	$746,350
Administrative Expenses	515,750
Building	2,419,500
Cash	168,150
Common Stock	300,500
Cost of Merchandise Sold	3,925,500
Dividends	179,100
Interest Expense	9,950
Merchandise Inventory	1,020,900
Notes Payable	259,350
Office Supplies	19,150
Retained Earnings	1,343,400
Salaries Payable	7,600
Sales	6,144,850
Selling Expenses	732,500
Store Supplies	92,700

	Required:
A.	Prepare a multiple-step income statement for the year ended October 31, 2016. Be sure to complete the statement heading. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required. In the Other income and expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign.
B.	What is a major advantage of the multiple-step income statement over the single-step income statement?