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The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical

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The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order, and each has a normal balance. Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory. Prepaid rent Retained earnings, 1/1/Year 2 Sales revenue Salaries expense Rent expense Gain on sale of land $ 605 405 200 415 205 600 65 400 45 640 1,050 180 100 90 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. Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign.) Expenses GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2. Complete this question by entering your answers in the tabs below. Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter any losses with Expenses GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 Total cost and expenses Net income (loss) Single step Multistep > Complete this question by entering your answers in the tabs below. Single step Multistep Prepare an income statement for the year using the multistep approach. (Ente GREEN MARKET Multistep Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses Operating income (loss) Non-operating items Net income (loss) < Single step Multistep

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