Required

Present a classified multiple$-$step income statement for internal users $($see $$ Exhibit $5\mathrm{.}13)$ that lists the company's net sales, cost of

goods sold, and gross profit, as well as the components and amounts of selling expenses and general and administrative expenses.

Present a condensed single$-$step income statement $($see Exhibit $5\mathrm{.}15)$ that lists these costs: cost of goods sold, selling expenses, and

general and administrative expenses.