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 $614 4141 200 424 214 Cost of goods sold, 700 Interest expense 56 Merchandise inventory 310 Prepaid rent 54 Retained earnings, 1/1/Year 2 649 Sales revenue 1,140 Salaries expense 270 Rent expense 100 Gain on sale of land: 89 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 Operating income (loss) Non-operating items Net income (loss) 0 0