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	$	7,600
119	Merchandise inventory		15,800
125	Supplies		9,600
128	Prepaid insurance		3,600
165	Store equipment		50,600
166	Accumulated depreciation, store equipment				$	46,400
167	Office equipment		68,600
168	Accumulated depreciation, office equipment					33,800
201	Accounts payable					15,600
301	Jonah Bell, capital					26,760
302	Jonah Bell, withdrawals		40,600
413	Sales					287,800
415	Sales discounts		1,600
505	Cost of goods sold		74,400
612	Depreciation expense, store equipment		4,800
613	Depreciation expense, office equipment		3,400
622	Sales salaries expense		45,600
623	Office salaries expense		31,600
637	Insurance expense, store		1,600
638	Insurance expense, office		1,400
640	Rent expense, office space		12,600
641	Rent expense, selling space		16,600
651	Office supplies expense		1,160
652	Store supplies expense		2,000
655	Advertising expense		17,200
	Totals	$	410,360		$	410,360

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?