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 640 Rent expense, office space 641 Rent expense, selling space 651 Office supplies expense 652 Store supplies expense 655 Advertising expense Totals 1,400 12,600 16,600 1,160 2,000 17,200 $ 410,360 $410,360 Required: 1. Prepare a classified multiple-step income statement that would be used by the business's owner. Operating expenses: Selling Expenses: Total selling expenses General and administrative expenses: BELL SERVICING Income Statement For Year Ended December 31, 2023 $ 0 Total general and administrative expenses $ 0 Total operating expenses 0 2. Prepare a multiple-step income statement that would be used by external users. Operating expenses: BELL SERVICING Income Statement For Year Ended December 31, 2023 Total operating expenses 0 3. Prepare a single-step income statement that would be provided to decision makers outside the company. Revenues: BELL SERVICING Income Statement For Year Ended December 31, 2023 Expenses: 0 Total expenses 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