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Exercise 3-15 Single-step and multistep income statements LO 3-3 The following information was taken from the accounts of Healthy Eats, a delicatessen, at December 31, 2014. The accounts are listed in alphabetical order, and each has a normal balance. 609 Accounts payable Accounts receivable Advertising expense 419 Cash Cost of goods sold 61 Interest expense Merchandise inventory Prepaid rent Retained earnings 1,090 Sales revenue Salaries expense Rent expense 100 Loss on sale of land Required Prepare an income statement for the year using the single-step and multi-step approach. (Loss amounts should be indicated by minus sign.) HEALTHY EATS Single-Step Income Statement For the Year Ended December 31, 2014 Expenses Total expenses