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 Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter any losses 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 > Single step Multistep Prepare an income statement for the year using the multistep approach. (Enter any losses wi 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