The following amounts appeared on Plymouth Electronics adjusted trial balance as of December 31, 2020.

	Debit			Credit
Merchandise inventory	$	18,900
Other assets		481,785
Liabilities				$	306,370
Celine Plymouth, capital					243,975
Celine Plymouth, withdrawals		66,400
Sales					936,000
Sales discounts		13,980
Sales returns and allowances		5,115
Interest income					660
Cost of goods sold		716,000
Sales salaries expense		78,600
Office salaries expense		55,900
Rent expense, selling space		32,400
Rent expense, office space		2,400
Store supplies expense		1,560
Office supplies expense		705
Depreciation expense, store equipment		8,310
Depreciation expense, office equipment		2,160
Insurance expense		2,160
Totals	$	1,487,005		$	1,487,005

Required: 1. Prepare a 2020 classified multiple-step income statement for Plymouth Electronics.

2. Prepare a single-step income statement.