Exercise 4-2 (Algo) Income statement format; single step and multiple step (L04-1, 4-5 The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debito Credits 2,000,000 47,000 67,000 Account Title Sales revenue Interest revenue Gain on sale of investments Coat of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 860,000 245,000 92,000 57,000 147,000 There were 100,000 shares of common stock outstanding throughout 2021. Required: 1. Prepare a single-step income statement for 2021, including EPS disclosures. 2. Prepare a multiple-step income statement for 2021, including EPS disclosures. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a single-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal places GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains. Prepare a multiple-step Income statement for 2021, including EPS disclosures. (Amounts to be deducted should with a minus sign. Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses: Selling expense (245,000) General and administrative expense (92,000) 2,000,000 (860,000) 1,140,000 (337,000) 803,000 Total operating expenses Operating income Other income (expense): Interest expense (57,000) Total other income, net Income before income taxes (57,000) 746,000 (147,000) Income tax expense Net Income Earnings per share Required 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a single-step Income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal plac GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains: Sales revenue $ 2,000,000 47,000 67,000 Interest revenue Gain on sale of investments 2,114,000 $ Total revenues and gains Expenses and losses: Cost of goods sold Selling expense General and administrative expense Interest expense 860,000 245,000 92,000 57,000 Total expenses and losses Income before income taxes 1.254.000 860,000 Net income Earnings per share Required 2 > Prey 1 of 6 Score answer >