2 The following information was taken from the accounts of Green Market, a small grocery store, at December 31, Year 1. The accounts are listed in alphabetical order, and all have normal balances Accounts payeble Accounts receivable Advertising expense Cash Common stock Cost of soods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/Year Sales revenue Salaries expense Rent expense Gain on sale of land points s 682 402 209 412 202 68 637 1,828 150 100 57 Prine References Prepare an income statement for the year using the single-step and multistep approach (Amounts to be deducted and losses should be indicated with a minus sign.) Single-step Income Statement For the Year Ended Year 1 Expenses Total cost and expenses 2 Total cost and expenses Multistep Income Statement For the Year E 1, Year 1 References Operating expenses Total operating expenses