please prepare single step and multiple step income statements in a typed format

Two accountants for the accounting firm of Mack and Byner are arguing about the merits of presenting an income statement in a multiple-step versus a single step format. The discussion involves the following information related to Fontenot Company for the current year ($000 omitted). S6,860 5,544 84,798 24.122 Administrative expense Officers' salaries Depreciation of office furniture Cost of goods sold Rental revenue Selling expense Transportation-out Sales commissions Depreciation of sales equipment Sales Income tax Interest expense 3,766 11,172 9,072 135,100 12,698 2,604 Required: (a) Prepare an income statement for the current year using the single-step form. Average common shares outstanding were 40,550 (000 omitted). (by Prepare an income statement for the current year using the multiple-step (c) Which one do you prefer? Explain