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. $ 610 Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/Year 1 Sales revenue Salaries expense Rent expense Gain on sale of land 35e ces 645 1,100 230 100 Required Prepare an income statement for the year using the single-step and multistep approach. (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 Expenses Total cost and expenses Net income (loss) Multistep GREEN MARKET Income Statement For the Year Ended December 31, Year 1 DOK int Operating expenses Print erences Total operating expenses Operating income (loss) Non-operating items Net income (loss)