The following information was taken from the accounts of Green Market, a delicatessen, at December 31, 2018. The accounts are listed in alphabetical order, and each has a normal balance.

Accounts payable	$	614
Accounts receivable		414
Advertising expense		200
Cash		424
Common stock		214
Cost of goods sold		700
Interest expense		56
Merchandise inventory		310
Prepaid rent		54
Retained earnings, 1/1/2018		649
Sales revenue		1,140
Salaries expense		270
Rent expense		100
Gain on sale of land		89

Required

Prepare an income statement for the year using the single-step and multistep approach (Enter any losses with a minus sign.)

Single Step:

GREEN MARKET
Single-Step Income Statement
For the Year Ended December 31, 2018
Expenses
Total cost and expenses
Net income (loss)

Multi-step:

GREEN MARKET
Multistep Income Statement
For the Year Ended December 31, 2018
Operating expenses
Total operating expenses
Operating income (loss)
Non-operating items
Net income (loss)