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 $ 8,000 119 Merchandise inventory 16,200 125 Supplies 10,000 128 Prepaid insurance 4,000 165 Store equipment 51,000 166 Accumulated depreciation, store equipment $ 46,800 167 Office equipment 69,000 168 Accumulated depreciation, office equipment 34,200 201 Accounts payable 16,000 301 Jonah Bell, capital 29,000 302 Jonah Bell, withdrawals 41,000 413 Sales 291,800 415 Sales discounts 2,000 505 Cost of goods sold 74,800 612 Depreciation expense, store equipment 5,200 613 Depreciation expense, office equipment 3,800 622 Sales salaries expense 46,000 623 Office salaries expense 32,000 637 Insurance expense, store 2,000 638 Insurance expense, office 1,600 640 Rent expense, office space 13,000 641 Rent expense, selling space 17,000 651 Office supplies expense 1,200 652 Store supplies expense 2,400 655 Advertising expense 17,600 Totals $ 417,800 $ 417,800

The following adjusted trial balance for Bell Servicing was prepared the end of the fiscal year, December 31 , 2023: Required: 1. Prepare a classified multiple-step income statement that would be used by the business's owner. 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? Format of income statement Which income statement format(s) could you expect as an external user? The following adjusted trial balance for Bell Servicing was prepared the end of the fiscal year, December 31 , 2023: Required: 1. Prepare a classified multiple-step income statement that would be used by the business's owner. 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? Format of income statement Which income statement format(s) could you expect as an external user