The following amounts appeared on Davison Company's adjusted trial balance as of October 31, 202 Merchandise inventory Other assets Liabilities Brenda Davison, capital Brenda Davison, withdrawals Interest income Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense- Rent expense, selling space Store supplies expense Advertising expense Office salaries expense Rent expense, office space Office supplies expense Totals Debit Credit $ 15,300 249,800 $ 77,700 196,000 64,300 1,050 417,000 5,800 27,300 168,600 51,300 18,300 4,300 28,700 52,300 4,500 1,250 $691,750 $691,750 Required: 1. Prepare a classified multiple-step income statement for internal use. DAVISON COMPANY Income Statement For Year Ended October 31, 2020 0 Operating expenses Selling expenses $ O Total selling expenses General and administrative expenses $ 0 Total selling expenses General and administrative expenses Total general and administrative expenses $ 0 Total operating expenses 0 Other revenues and expenses $ 0 2. Present a condensed single-step income statement. DAVISON COMPANY Income Statement For Year Ended October 31, 2020 Revenues Total revenues $ 0 Expenses Total expenses 0