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please complete required 1 and 2 and explain work Exercise 4-2 (Algo) Income statement format; single step and multiple step [LO4-1, 4-5) The following is
please complete required 1 and 2 and explain work
Exercise 4-2 (Algo) Income statement format; single step and multiple step [LO4-1, 4-5) The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Account Title Sales revenue Debits Credits 1,800,000 43,000 63,000 Interest revenue Gain on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense 820,000 225,000 88,000 53,000 143,000 ok Income tax expense int There were 100,000 shares of common stock outstanding throughout 2021. ces 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 Stateoment For the Year Ended December 31, 2021 Required 2 Required 1 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: es Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Net income Earnings per share Required 2 Required 1 Required 2 Required 1 Prepare a multiple-step income statement for 2021, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income Eamings per share Step by Step Solution
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