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	$	9,000
119	Merchandise inventory		17,200
125	Supplies		11,000
128	Prepaid insurance		5,000
165	Store equipment		52,000
166	Accumulated depreciation, store equipment				$	47,800
167	Office equipment		70,000
168	Accumulated depreciation, office equipment					35,200
201	Accounts payable					17,000
301	Jonah Bell, capital					34,600
302	Jonah Bell, withdrawals		42,000
413	Sales					301,800
415	Sales discounts		3,000
505	Cost of goods sold		75,800
612	Depreciation expense, store equipment		6,200
613	Depreciation expense, office equipment		4,800
622	Sales salaries expense		47,000
623	Office salaries expense		33,000
637	Insurance expense, store		3,000
638	Insurance expense, office		2,100
640	Rent expense, office space		14,000
641	Rent expense, selling space		18,000
651	Office supplies expense		1,300
652	Store supplies expense		3,400
655	Advertising expense		18,600
	Totals	$	436,400		$	436,400

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?