The following adjusted trial balance information was taken from the end of the July 31, 2020, fiscal year for Brilliant Sales:

Brilliant Sales uses a perpetual inventory system.

Required

1. Prepare a classified multiple-step income statement for use by internal users (like Exhibit 5.13).

2. Prepare a multiple-step income statement for external users (like Exhibit 5.14).

3. Prepare a single-step income statement (like Exhibit 5.15).

Exhibition 5.13

Exhibit 5.14

Exhibit 5.15

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Debit Credit 24 101 Cash 6,500 Merchandise inventory. 12,220 119 125 Supplies. 2,400 1,150 128 Prepaid insurance.. Store equipment. 29,400 165 Accumulated depreciation, store equipment.. $ 7,500 166 167 Office equipment. Accumulated depreciation, office equipment. Accounts payable. Ty Brilliant, capital. Ty Brilliant, withdrawals.. 15,600 168 8,100 6,400 201 107,920 301 61,000 302 413 Sales. 395,400 415 Sales discounts 1,200 505 Cost of goods sold.. 261,800 Depreciation expense, store equipment. 1,500 612 613 Depreciation expense, office equipment 1,250 Sales salaries expense. Office salaries expense. 622 39,000 623 32,000 4,100 637 Insurance expense, store Insurance expense, office Rent expense, office space.. 638 2,800 640 13,100 641 21,000 Rent expense, selling space. Office supplies expense. 651 2,600 Store supplies expense. Advertising expense. 652 1,800 655 14,900 $525,320 $525,320 Totals Lifetime Equipment Co-op Income Statement For Year Ended February 23, 2020 Sales $321,000 $ 4,300 2,000 Less: Sales discounts.. Sales returns and allowances. 6,300 Net sales. $314,700 Cost of goods sold. Gross profit from sales. 230,400 $ 84,300 Operating expenses: Selling expenses: Sales salaries expense $18,500 Advertising expense. 11,300 Rent expense, selling space. 8,100 Depreciation expense, store equipment. Store supplies expense. 3,000 1,200 Total selling expenses. $42,100 General and administrative expenses: Office salaries expense. $25,300 Office supplies expense. 1,800 Rent expense, office space 900 Depreciation expense, office equipment 700 Insurance expense. 600 Total general and administrative expenses.. 29,300 Total operating expenses. 71,400 $ 12,900 Profit from operations. Other revenues and expenses: -- Note: Rent revenue is added Interest expense is subtracted 2,440 -to get total Other revenues $ 15,340 $ 2,800 Rent revenue. Interest expense. 360 Profit and expenses.