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

	Account	Debit			Credit
101	Cash	$	7,100
119	Merchandise inventory		15,300
125	Supplies		9,100
128	Prepaid insurance		3,100
165	Store equipment		50,100
166	Accumulated depreciation, store equipment				$	45,900
167	Office equipment		68,100
168	Accumulated depreciation, office equipment					33,300
201	Accounts payable					15,100
301	Jonah Bell, capital					23,960
302	Jonah Bell, withdrawals		40,100
413	Sales					282,800
415	Sales discounts		1,100
505	Cost of goods sold		73,900
612	Depreciation expense, store equipment		4,300
613	Depreciation expense, office equipment		2,900
622	Sales salaries expense		45,100
623	Office salaries expense		31,100
637	Insurance expense, store		1,100
638	Insurance expense, office		1,150
640	Rent expense, office space		12,100
641	Rent expense, selling space		16,100
651	Office supplies expense		1,110
652	Store supplies expense		1,500
655	Advertising expense		16,700
	Totals	$	401,060		$	401,060

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?