I need this all questions(a,b,c) correct answer within 15 minutes. It is very emergency.

Question: 4 Two accountants for the firm of XYZ Company ate arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2020 information related to ABC Company S000 omitted Administrative expense Officers' salaries $4900 Depreciation of ottice furniture and equipment 2.960 Cast of goods sold 60.570 Rent revenue 17,230 Selling expense 21 2.690 7.980 Delivery expense Sales commissions Depreciation of sales equipment Sales revenue 6.480 96,500 9,070 Income tax Interest expense 1860 Required: (a) Prepare an income statement for the year 2020 using the multiple-step form. Common shares outstanding for 2020 total 40.550 (000 omitted) (b) Prepare an Income statement for the year 2020 using the simple step form. (c) Which one do you prefer? Justify your