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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 isted in alphabetical
The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are isted 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 $ 609 409 200 419 2091 700 61 360 49 644 1,090 220 100 341 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.) education.com/ext/map/index.html' Single step Multistep Saved Prepare an income statement for the year using the single-step appr Expenses GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 Total cost and expenses Net income (loss) c 20 F3 000 Single step 0 < Prev 5 of 6 Single step Multistep Prepare an income statement for the year using the multistep appro 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) 80 000 000 22 F3 54 0 0 < Prev 5 of 6
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