Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and administrative expenses. (b) Use a multiple-step format that begins with gross sales (service revenues plus gross product sales) and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Wages Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative.

SP 5 Serial Problem Business Solutions (Static) LO P1, P2, P3, P4 fThe lovewng mentunen apales to de questross asphand below] Fetrusiy 3 The convery 9 id Keness Cosposition for the bals ice die, net of the cosh decounc, less the The following addional focta are ava lable foe prepante adjustenersa on March 31 pnot do fnancual stoxement preparation. a. The March 31 amount of corrpuser supcl es cil sva lable tocsle $2.006. c. Lyn Add e hos non been paid foe geven doys of wark at the rabe of 5125 ger dey. c. Lyn add e hos not been paid for seven doya of work at we tabe of 5.25 per dey. SP 5 Serial Problem Business Solutions (Static) LO P1, P2, P3, P4 fThe lovewng mentunen apales to de questross asphand below] Fetrusiy 3 The convery 9 id Keness Cosposition for the bals ice die, net of the cosh decounc, less the The following addional focta are ava lable foe prepante adjustenersa on March 31 pnot do fnancual stoxement preparation. a. The March 31 amount of corrpuser supcl es cil sva lable tocsle $2.006. c. Lyn Add e hos non been paid foe geven doys of wark at the rabe of 5125 ger dey. c. Lyn add e hos not been paid for seven doya of work at we tabe of 5.25 per dey