The president of Bartlett Corporation is wondering if it is a benefit for the company to prepare a single step income statement instead of a multi step income statement. He is wondering if net income will be the same, higher, lower on a single step vs. the multi step income statement and is asking for advice. What is the correct information to share with him about the net income on a single step vs. a multi step income statement? a) Unable to determine b) Net Income will be the same amount on both formats of the income statement. c) Net Income will be higher on the multi-step income statement d) Net Income will be lower on the multi-step income statement