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	$	7,000
119	Merchandise inventory		15,200
125	Supplies		9,000
128	Prepaid insurance		3,000
165	Store equipment		50,000
166	Accumulated depreciation, store equipment				$	45,800
167	Office equipment		68,000
168	Accumulated depreciation, office equipment					33,200
201	Accounts payable					15,000
301	Jonah Bell, capital					23,400
302	Jonah Bell, withdrawals		40,000
413	Sales					281,800
415	Sales discounts		1,000
505	Cost of goods sold		73,800
612	Depreciation expense, store equipment		4,200
613	Depreciation expense, office equipment		2,800
622	Sales salaries expense		45,000
623	Office salaries expense		31,000
637	Insurance expense, store		1,000
638	Insurance expense, office		1,100
640	Rent expense, office space		12,000
641	Rent expense, selling space		16,000
651	Office supplies expense		1,100
652	Store supplies expense		1,400
655	Advertising expense		16,600
	Totals	$	399,200		$	399,200

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?