Exercise 3-15 Single-step and multistep income statements 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 Common stock Cost of goods sold Interest expense Merchandise inventory Prepaidrot Robined earings 11/2018 Sales meve Salaries expense Rent expense Gain on sale of land $ 800 2.250 600 1 850 2.000 2.950 120 1.250 720 2,610 5.600 200 Required First, prepare an income statement for the year using the single-step approach. Then prepare another income statement using the multistep approach Page 122