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 $ 604 Accounts receivable 404 Advertising expense 200 Cash 414 Common stock 204 Cost of goods sold 600 Interest expense 66 Merchandise inventory 410 Prepaid rent 44 Retained earnings, 1/1/Year 2 639 Sales revenue 1,040 Salaries expense 170 Rent expense 100 Gain on sale of land 79 Required Prepare an income statement for the year using the single-step and multistep approach