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 $ $603$

Accounts receivable $403$

Advertising expense $200$

Cash $413$

Common stock $203$

Cost of goods sold $600$

Interest expense $67$

Merchandise inventory $420$

Prepaid rent $43$

Retained earnings, $1/1/$Year $2638$

Sales revenue $1,030$

Salaries expense $160$

Rent expense $100$

Gain on sale of land $68$

Required:

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