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 Required Prepare an income statement for the year using the single-step and multistep approach. Single Step Complete this question by entering your answers in the tabs below. Expenses Multistep Prepare an income statement for the year using the single-step approach. (Enter values in th be deducted and losses should be indicated with a minus sign.) $ 602 402 200 412 202 600 68 430 42 637 Total cost and expenses Net income (loss) 1,020 150 100 57 GREEN MARKET Income Statement For the Year Ended December 31, Year 2 Multistep >

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 multistep approach. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using the single-step approach. (Enter values in th be deducted and losses should be indicated with a minus sign.)