a)

b)

The following information was taken from the accounts of Green Markel, a small grocery store, at December 31, Year L. The accounts are listed in alphabetical order, and all have normal balances. Dollar amounts are given in thousands. Required: Prepare an income statement for the year using the singlestep and multistep approach. Note: Enter values in thousands of dollars. Amounts to be deducted ond losses should be indicated with a minus sign. Multistep