5 LO 0.49 points Exercise 4-14A (Algo) Single-step and multistep income statements LO 4-6 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. Dollar amounts are given in thousands. Accounts payable Accounts receivable Advertising expense Cash Common stock eBook Cost of goods sold Hint Prepaid rent $ 604 404 200 414 204 600 66 410 44 639 1,040 170 100 79 Interest expense Merchandise inventory Retained earnings, 1/1/Year 1 Sales revenue Salaries expense Ask Rent expense Gain on sale of land Required: Prepare an income statement for the year using the single-step and multistep approach, Note: Enter values in thousands of dollars. Amounts to be deducted and losses should be indicated with a minus sign. Single-step Expenses GREEN MARKET Income Statement For the Year Ended December 31, Year 1 Check my work