Exercise 4-14A (Algo) Single-step and multistep income statements LO 4-6 The following information was taken from the accounts of Green Market, a small grocery store, at December 31, Year 1. The accounts are listed in alphabetical order, and all have normal balances. Dollar amounts are given in thousands. Accounts payable Accounts receivable Advertising expense Cash Common stock $ 604 404 200 414 204 Cost of goods sold 600 66 Merchandise inventory 410 44 Retained earnings, 1/1/Year 1 639 1,040 170 Rent expense 100 79 Interest expense Prepaid rent Sales revenue Salaries expense Gain on sale of land Required: Prepare an income statement for the year using the single-step and multistep approach. Note: Enter values in thousands of dollars. Amounts to be deducted and losses should be indicated with a minus sign. Single-step GREEN MARKET Income Statement For the Year Ended December 31, Year 1 Net sales revenue Check my ww