Exercise 3-15 Single-step and multistep income statements LO 3-3 The following information was taken from the accounts of Green Market, a delicatessen, at December 31, 2018. The accounts are listed in alphabetical order, and each has a normal balance. $ 800 2,250 600 1.350 2.000 2.950 120 Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/2018 Sales revenue Salaries expense Rent expense Gain on sale of land 1.250 220 2,610 5.600 960 510 200 Required Prepare an income statement for the year using the single-step and multistep approach 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. GREEN MARKET Single-Step Income Statement For the Year Ended December 31, 2018 Expenses Total cost and expenses Multistep > Chec Single step Multistep Prepare an income statement for the year using the multistep approach. GREEN MARKET Multistep Income Statement For the Year Ended December 31, 2018 Operating expenses Total operating expenses Non-operating items