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The following amounts appeared on Davison Companys adjusted trial balance as of October 31, 2017, the end of its fiscal year: Debit Credit Merchandise inventory

The following amounts appeared on Davison Companys adjusted trial balance as of October 31, 2017, the end of its fiscal year:

Debit Credit
Merchandise inventory $ 15,000
Other assets 246,800
Liabilities $ 77,400
Brenda Davison, capital 192,880
Brenda Davison, withdrawals 64,000
Interest income 1,020
Sales 414,000
Sales discounts 5,500
Sales returns and allowances 27,000
Cost of goods sold 168,300
Sales salaries expense 51,000
Rent expense, selling space 18,000
Store supplies expense 4,000
Advertising expense 28,400
Office salaries expense 52,000
Rent expense, office space 4,200
Office supplies expense 1,100

Totals $ 685,300 $ 685,300

Required: 1.Prepare a classified, multiple-step income statement for internal use. 2.Present a condensed single-step income statement.

Can you how me how to create a multi-step and single-step income statement for this scenario?

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