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The following information was taken from the accounts of Green Market, a small grocery store, at December 31 , Year 2 . The accounts are
The following information was taken from the accounts of Green Market, a small grocery store, at December 31 , Year 2 . The accounts are listed in alphabetical order, and all have normal balances. Dollar amounts are given in thousands. Required Prepare an Income statement for the year using the single-step and multistep approach. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using the single-step approach. (Enter values in thousands of dollars. Amounts to be deducted and losses should be indicated with a minus sign.) Prepare an income statement for the year using the multistep approach deducted and losses should be indicated with a minus sign.)
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