Accounts payable $ 611 Accounts receivable 411 Advertising expense 200 Cash 121 Common stock 211 Cost of goods sold 700 Interest expense 59 Merchandise inventory 340 Prepaid rent 51 Retained earnings, 1/1/Year 2 646 Sales revenue 1, 110 Salaries expense 240 Rent expense 100 Gain on sale of land 56 Required Prepare an income statement for the year using the single-step and multistep approach Complete this question by entering your answers in the tabs below. Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign. ) GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 Expenses " Co Total cost and expenses Net income (loss) Thank Single step We're gl Multistep Prey. 3 of 4 Next > Add a 2