The following information was taken from the accounts of Green Market, a small grocery store, at December 31, Year 2. The accounts are listed in alphabetical order, and all have normal balances $ 602 402 200 412 202 600 Accounts payable Accounts receivable Advertising expense Cash Common stock Coat of goods sold Interest expenso Merchandise inventory Prepaid rent Retained earnings, 1/1/Year 2 Sales revenue Salarios expense Rent expense Gain on sale of land 68 430 42 637 1.020 150 100 57 Required Prepare an income statement for the year using the single-step and multistep approach. (Amount: be indicated with a minus sign.) be deducted and losses should Single-step Single-step GREEN MARKET Income Statement For the Year Ended December 31, Year 1 $ Cash 602 Expenses Advertising expense Interest expense Miscellaneous expense Rent expense Utilities expense Total cost and expenses 0 Net income (loss) Multistep GREEN MARKET Income Statement For the Year Ended December 31, Year 1 Operating expenses 0 Total operating expenses Operating income (loss) Non-operating items Net income (loss)