he following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 31, 2023:

	Account	Debit		Credit
101	Cash	$	7,700
119	Merchandise inventory		15,900
125	Supplies		9,700
128	Prepaid insurance		3,700
165	Store equipment		50,700
166	Accumulated depreciation, store equipment				$	46,500
167	Office equipment		68,700
168	Accumulated depreciation, office equipment					33,900
201	Accounts payable					15,700
301	Jonah Bell, capital					27,320
302	Jonah Bell, withdrawals		40,700
413	Sales					288,800
415	Sales discounts		1,700
505	Cost of goods sold		74,500
612	Depreciation expense, store equipment		4,900
613	Depreciation expense, office equipment		3,500
622	Sales salaries expense		45,700
623	Office salaries expense		31,700
637	Insurance expense, store		1,700
638	Insurance expense, office		1,450
640	Rent expense, office space		12,700
641	Rent expense, selling space		16,700
651	Office supplies expense		1,170
652	Store supplies expense		2,100
655	Advertising expense		17,300
	Totals	$	412,220		$	412,220

Required: 1. Prepare a classified multiple-step income statement that would be used by the businesss owner.

2. Prepare a multiple-step income statement that would be used by external users.

3. Prepare a single-step income statement that would be provided to decision makers outside the company.

Analysis Component: If you were a decision maker external to Bell Servicing, which income statement format would you prefer and why, if you had a choice?

Which income statement format(s) could you expect as an external user?