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. 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.

Single Step

Prepare an income statement for the year using the single$-$step approach.

Note: Enter values in thousands of dollars. Amounts to be deducted and losses should be indicated with a minus sign.