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Required 1: Required 2: The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits
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The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sales revenue 2,000,000 47,000 67,000 Interest revenue Gain on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense 860,000 245,000 92,000 57,000 147,000 Income tax expense 100,000 shares of common stock were outstanding throughout 2018. Required: 1. Prepare a single-step income statement for 2018, including EPS disclosures. 2. Prepare a multiple-step income statement for 2018, including EPS disclosures. Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Revenues and gains Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Earnings per share GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Operating expenses: Total operating expenses Other income (expense): Total other income, net Income before income taxes Earnings per shareStep by Step Solution
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