PLEASE ANSWER THE QUESTION IN THE TABLE FORMAT THANK YOU

The following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 31, 2020: Account Debit Credit 101 Cash $ 119 Merchandise inventory 125 Supplies 128 Prepaid insurance 165 Store equipment $ 46,800 166 Accumulated depreciation, store equipment 167 office equipment 168 Accumulated depreciation, office equipment 34,200 201 Accounts payable 16,000 301 Jonah Bell, capital 29,000 302 Jonah Bell, withdrawals 413 Sales 291,800 415 Sales discounts 505 Cost of goods sold 612 613 Depreciation expense, store equipment Depreciation expense, office equipment Sales salaries expense 622 623 Office salaries expense 637 638 640 Insurance expense, store Insurance expense, office Rent expense, office space Rent expense, selling space 651 office supplies expense 652 Store supplies expense 641 655 Advertising expense Totals 8,000 16, 200 10,000 4,000 51,000 69,000 41,000 2,000 74,800 5,200 3,800 46,000 32,000 2,000 1,600 13,000 17,000 1,200 2,400 17,600 $417,800 $417,800 2. Prepare a multiple-step income statement that would be used by external users. BELL SERVICING Income Statement For Year Ended December 31, 2020 Operating expenses: Total operating expenses 3. Prepare a single-step income statement that would be provided to decision makers outside the company. BELL SERVICING Income Statement For Year Ended December 31, 2020 Revenues: Expenses: Total expenses Analysis Component: If you were a decision maker external to Bell Servicing, which income statement format would you prefer and why, if you had a choice? Format of income statement Which income statement format(s) could you expect as an external user? Format of income statement