The following information is available for Wright Auto Supply at December 31. 1. Prepare a single-step income statement for the year ended December 31 . 3. Conceptual Connection: Comment on the differences between the single-step and the multiple-step incorne statements by answering "true or false" to the following: a. Both a single-step income statement and a multiple-step income statement report the same amount for net income. b. A single-step income statement provides three important classifications that financial statement users find useful-gross margin, income from operations, and net income. c. The only difference between the two formats is how the revenues and expenses are classified. ar ended December 31