Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9. Instructions Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold Dividends Interest Expense Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Selling Expenses Store Supplies $160,300 752,300 540,650 2,553,550 184,650 288,000 3,899,650 185,800 10,150 1,006,950 255,800 20,400 1,304,450 7,600 6,477,150 684,100 92,400 Labels and Amount Descriptions Labels Expenses For the Year Ended March 31, 20Y9 March 31, 20Y9 Other revenue and expense Amount Descriptions Gross profit Net income Net loss Operating income Total assets Total liabilities Total expenses Total stockholders' equity Salaries Payable Sales 7,600 6.477.150 Labe Income Statement a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9. Income Statement Instructions 1 2 3 4 (Label) 5 6 Sales Royal Furnishings Company Income Statement (Label) 6.477-150