Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2025 information related to Sheridan Company ($000 omitted). Administrative expense Officers' salaries 5240, Depreciation of office furniture and equipment 4480, Cost of goods sold 61090, rent revenue 17750. Selling expense: Delivery expense 3210, sales commissions 8500, Depreciation of sales equipment 7000, sales revenue 97020, Income tax 9590, interest expense 2380. (A) Prepare an income statement for the year 2025 using the multiple-step form. Common shares for 2025 total 32750 (000 omitted). (B) Prepare an income statement for the year 2025 using the single step form.