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. Accounts payable Accounts receivable Advertising expense Cash mon stock Cos 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 $ 609 409 200 419 209 700 61 360 49 1,099 220 100 34 Required Prepare an income statement for the year using the single-step and multistep approach (Enter any losses with a minus sign.) 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, 2018 Expenses Total cost and expenses Net income (loss) Multistep > Complete this question by entering your answers in the tabs below. Single step Multistep Prepare another income statement using the multistep approach. (Enter any losses with a minus sign.) GREEN MARKET Multistep Income Statement For the Year Ended December 31, 2018 Operating expenses Total operating expenses Operating income (loss) Non-operating items Net income (loss)