Required:

Prepare an income statement on the basis of nature of expense, using a single$-$step format. $($Loss

amounts should be Indicated by a minus sign.$)$ Prepare an income statement on a functional basis in a multiple$-$step format. $($Loss amounts should

be Indicated by a minus sign.$)1.$ Prepare an income statement on the basis of nature of expense, using a single$-$step format $2.$ Prepare an income statement on a functional basis in a multiple$-$step format