Hi I need help on what is the answer to this problems? Below is the question and other concerns will be in the comment section. I hope you can help me and surely I will give you full positive feedback.

The following information is taken from the records of NBC- SBA, Inc. for 20X5. Sales P250,125 Advertising 30,200 Utilities 10,500 Rent Income 30,000 Interest 5,450 Rent 12,000 Cost of goods sold 85,500 Wages 28,950 Required: a. Prepare a 20X5 income statement for NBC-SBA, Inc. using single-step format. b. Prepare a 20X5 income statement for NBC-SBA, Inc. using multi-step format. c. If you were the owner of the company, what format of statement would you prefer to use? Explain your