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

Accumulated DepreciationBuilding	$746,650		Merchandise Inventory	$1,020,500
Administrative Expenses	532,200		Notes Payable	240,200
Building	2,398,150		Office Supplies	19,200
Cash	182,850		Salaries Payable	8,200
Cost of Merchandise Sold	3,890,250		Sales	6,292,200
Interest Expense	9,650		Selling Expenses	705,800
Jan Brown, Capital	1,605,550		Store Supplies	85,700
Jan Brown, Drawing	170,100

a. Prepare a multiple-step income statement for the year ended October 31, 2016.