The following information was taken from the accounts of Green Market, a delicatessen, at December 31, 2018. 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, 1/1/2018 Sales revenue Salaries expense Rent expense Gain on sale of land 601 401 200 411 201 600 69 440 41 636 1,010 140 100 46 Required Prepare an income statement for the year using the single-step and multistep approach (Enter any losses with a minus sign.) Complete this question by entering your answers in the tabs below. Single Multistep step 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, 2018 Net sales revenue $ 1,010 Expenses Cost of goods $ (600) sold Advertising (200) expense Interest expense (69) Salaries expense Rent expense (100) (140) Total cost and expenses Gain on sale of land Net income (loss) (1,109) 46 $ (53) Single step