ultiple-Step Income Statement In March 31, 2018, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture wholesaler, are as follows: $170,000 $750,000 435,000 Rccounts Receivable Accumulated Depreciation --Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold Dividends Interest Expense 3,500,000 80,000 300,000 5,500,000 175,000 15,000 Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Selling Expenses Store Supplies 980,000 250,000 20,000 1,987,000 8,000 8,245,000 575,000 90,000 a. Prepare a multiple-step income statement for the year ended March 31, 2018