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 Accounts receivable Advertising expense Cash Common stock $ 800 2,250 600 1,850 2,000 Cost of goods sold 2,950 Interest expense 120 Merchandise inventory 1,250 Prepaid rent 720 Retained earnings, 1/1/Year 2 2,610 Rent expense Sales revenue Salaries expense Gain on sale of land 5,600 960 510 200 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. Complete this question by entering your answers in the tabs below. Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign.) GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 Expenses Total cost and expenses Net income (loss) 0 Single step Multistep > Single step Multistep Prepare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.) GREEN MARKET Multistep Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses Non-operating items Net income (loss) 0 0 0 Single step Multistep