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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 copy(src, dst):
 """ Copies a source file to a destination file or directory. Equivalent to "shutil.copy". Source and destination can also be binary opened file-like objects. Args: src (path-like object or file-like object):
 Source file. dst (path-like object or file-like object):
 Destination file or directory. Raises: IOError: Destination directory not found. """

    # Handles path-like objects and checks if storage
    src, src_is_storage = format_and_is_storage(src)
    dst, dst_is_storage = format_and_is_storage(dst)

    # Local files: Redirects to "shutil.copy"
    if not src_is_storage and not dst_is_storage:
        return shutil_copy(src, dst)

    with handle_os_exceptions():
        # Checks destination
        if not hasattr(dst, 'read'):
            try:
                # If destination is directory: defines an output file inside it
                if isdir(dst):
                    dst = join(dst, basename(src))

                # Checks if destination dir exists
                elif not isdir(dirname(dst)):
                    raise IOError("No such file or directory: '%s'" % dst)

            except ObjectPermissionError:
                # Unable to check target directory due to missing read access,
                # but do not raise to allow to write if possible
                pass

        # Performs copy
        _copy(src, dst, src_is_storage, dst_is_storage)