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 $ 7,500 119 Merchandise inventory 15,700 125 Supplies 9,500 128 Prepaid insurance 3,500 165 Store equipment 50,500 166 Accumulated depreciation, store equipment $ 46,300 167 Office equipment 68,500 168 Accumulated depreciation, office equipment 33,700 201 Accounts payable 15,500 301 Jonah Bell, capital 26,200 302 Jonah Bell, withdrawals 40,500 413 Sales 286,800 415 Sales discounts 1,500 505 Cost of goods sold 74,300 612 Depreciation expense, store equipment 4,700 613 Depreciation expense, office equipment 3,300 622 Sales salaries expense 45,500 623 Office salaries expense 31,500 637 Insurance expense, store 1,500 638 640 641 651 652 655 Insurance expense, office Rent expense, office space Rent expense, selling space Office supplies expense Store supplies expense Advertising expense Totals 1,350 12,500 16,500 1,150 1,900 17,100 $408,500 $408,500 Requ 1. Prepare a classified multiple-step income statement that would be used by the business's owner. BELL SERVICING Income Statement For Year Ended December 31, 2023 Operating expenses: Selling Expenses: Total selling expenses $ 0 Total selling expenses General and administrative expenses: Total general and administrative expenses Total operating expenses $ 0 $ 0 0 2. Prepare a multiple-step income statement that would be used by external users. BELL SERVICING Income Statement For Year Ended December 31, 2023 Operating expenses: 0 Total operating expenses +5-Ch 5 (i SIVEL 3. Prepare a single-step income statement that would be provided to decision makers outside the company Revenues: SELLESTIMIING treesome Statement. For Year Ended December 31, 2026 Expenses: Total expenses 0 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? Format of income statement