On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows $740,950 Accumulated Depreciation-Building Administrative Expenses Building 544 400 2,512,350 180,950 3,957,700 9,950 1

On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows $740,950 Accumulated Depreciation-Building Administrative Expenses Building 544 400 2,512,350 180,950 3,957,700 9,950 1.629,600 Cash Cost of Merchandise Sold Interest Expense Kathy Melman Capital Kathy Melman, Drawing Merchandise Inventory Notes Payable Office Supplies Salaries Payable 175,450 938,750 245,000 20.500 7.750 Sales 6,634,950 733,400 Selling Expenses Store Supplies 87 150 Required: a Prepare a multiple-step income statement for the year ended March 31, 2019. Be sure to complete the heading of the statement Refer 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
Racine Furnishings Company Income Statement (Label) 1 2 3 4 Label) 5 UN 7 8 9 (Label) 10 11