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 $ 800. 2,250 600 1,850 2,000 Cost of goods sold 2,950 Interest expense 120 Merchandise inventory 1,250 Prepaid rent 720 Retained earnings, 1/1/Year 2 2,610 Sales revenue 5,600 Salaries expense 960 Rent expense 510 Gain on sale of land 200 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.) GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 Expenses Total cost and expenses Net income (loss) Single step Multistep Prepare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.) GREEN MARKET Multistep Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses Non-operating items Net income (loss)