On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Fumishings Company, a furniture wholesaler, are as follow5: a. Prepare a multiple-step income statement for the year ended October 31, 2016. Be sure to complete the heading of the statement Reter to the list of Labels and Amount Doscriptions provided for the exact wording of the answer choices for text entries. A colon (i) witi automatically appear If it is required. in the Other income and expenses section only, enter amounts that repvesent other expenses as negative numbers using a