Answer Happy

On March 31, 2019 the balances appearing in the ledger of Racine furnishings Co., a furniture wholesaler, are as follows: $ Cash Merchandise Inventory Office Supplies Store Supplies Building Accumulated Depreciation-Building Salaries Payable Notes Payable Melman, Capital Melman, Drawings Sales Cost of Merchandise Sold Administrative Expenses Selling Expenses Interest Expense 70,000 392,000 8,000 36,000 1,000,000 300,000 3,200 100,000 634,000 70,000 2,564,000 1,520,000 216,000 286,000 4,000 Instructions: Prepare a Multi-Step Income Statement
Racine Furnishings Co. Multi-Step Income statement For Quarter Ending March 31 Sales Gross Profit Operating Expenses Total Operating Expenses Income from Operations Other Revenues/Expenses Net Income