Income Statement The following information is available for Wright Auto Supply at December 31. Required: 1. Prepare a single-step income statement for the year ended December 31 . 2. Prepare a multiple-step income statement for the year ended December 31 . - Amatar ather vear ended December 31. 3. Conceptusi Connection: Comment on the differences between the single-step and the multiple-utep income sratements by answering "true or falce" to the following: a. Bloth a single-step income statement and a mutiple-step income statement report the same amount for net income. b. A sing e-step income statement provides three important classificatons that fnancial statement users find useful-gross margin, income from operations, and net income. c. The only difference between the two formats is how the revenues and expenses are clasifeed