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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def format_and_is_storage(path):
 """ Checks if path is storage and format it. If path is an opened file-like object, returns is storage as True. Args: path (path-like object or file-like object):
 Returns: tuple: str or file-like object (Updated path), bool (True if is storage). """

    if not hasattr(path, 'read'):
        path = fsdecode(path).replace('\\', '/')
        return path, is_storage(path)
    return path, True