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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
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. 402 412 Accounts payable Accounts receivable Advertising expense Cash Con stock Cost of goods sold Interest expense Merchandise Inventory Prepaid rent Retained earnings, 1/1/2018 Sales revenue Salaries expense Rent expense Gain on sale of land 202 640 18 637 1.020 150 100 57 Required Prepare an income statement for the year using the single step and multistep approach (Enter any losses with a minus sign.) Required Prepare an income statement for the year using the single-step and multistep ap Complete this question by entering your answers in the tabs below. Y Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter ces GREEN MARKET Single-Step Income Statement For the Year Ended December 31, 2018 Expenses Total cost and expenses Net income (loss)
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