Exercise 3-15A (Algo) Single-step and multistep income statements LO 3-6 The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. 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 Prepaid rent Sales revenue Rent expense $ 610 410 200 420 210 700 60 350 50 645 1,100 230 100 45 Retained earnings, 1/1/Year 2 Salaries expense Gain on sale of land, 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 22 Prepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign.) Expenses GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 1 nces Total cost and expenses Net income (loss) Single step Multistep > ngle step Multistep epare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.) GREEN MARKET Multistep Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses Operating income (loss) Non-operating items Net income (loss)