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. Dollar amounts are given in thousands. 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 $ 608 408 200 418 208 600 62 370 48 643 1,080 210 100 123 Required Prepare an income statement for the year using the single-step and multistep approach.

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. Dollar amounts are given in thousands. Required Prepare an income statement for the year using the single-step and mutistep approach