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	$	8,600
119	Merchandise inventory		16,800
125	Supplies		10,600
128	Prepaid insurance		4,600
165	Store equipment		51,600
166	Accumulated depreciation, store equipment				$	47,400
167	Office equipment		69,600
168	Accumulated depreciation, office equipment					34,800
201	Accounts payable					16,600
301	Jonah Bell, capital					32,360
302	Jonah Bell, withdrawals		41,600
413	Sales					297,800
415	Sales discounts		2,600
505	Cost of goods sold		75,400
612	Depreciation expense, store equipment		5,800
613	Depreciation expense, office equipment		4,400
622	Sales salaries expense		46,600
623	Office salaries expense		32,600
637	Insurance expense, store		2,600
638	Insurance expense, office		1,900
640	Rent expense, office space		13,600
641	Rent expense, selling space		17,600
651	Office supplies expense		1,260
652	Store supplies expense		3,000
655	Advertising expense		18,200
	Totals	$	428,960		$	428,960

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?