The following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 31, 2014:

Required
1. Prepare a classified multiple-step income statement that would be used by the business's owner (like Exhibit 5.15).
2. Prepare a multiple-step income statement that would be used by external users (like Exhibit 5.16).
3. Prepare a single-step income statement that would be provided to decision makers outside the company (like Exhibit 5.17).
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? Which income statement format(s) could you expect as an external user? Why?

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Debit Credit 101 Cash 119 Merchandise inventory 125 Supplies 128 Prepaid insurance 165 Store equipment S 8,000 16,200 10,000 4,000 51,000 S 46,800 69,000 167 Office equipment 168 Accumulated depreciation, office equipment 201 Accounts payable 301 onah Bell, capital 302 onah Bell, withdrawal:s 413 Sales 415 Sales discounts 505 Cost of goods sold 612 Depreciation expense, store equipment5,200 613 Depreciation expense, office equipmen3,800 622 Sales salaries expense 623 Office salaries expense 34,200 16,000 29,000 41,000 291,800 2,000 74,800 46,000 32,000 2,000 1,600 13,000 17,000 1,200 2,400 638 nsurance expense, office 64 Rent expense, selling space 651 Office supplies expense 652 Store supplies expense 655 Advertising expense Totals. 5417,800 5417,800