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. $ 611 411 200 421 211 700 Accounts payable Accounts receivable Advertising expense Cash Common 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 340 51 646 1,110 240 100 56 Required Prepare an income statement for the year using the single-step and multistep approach (Enter any losses with a minus sign.) 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, 2018 Expenses Total cost and expenses Net income (loss) GREEN MARKET Multistep Income Statement For the Year Ended December 31, 2018 Operating expenses - Total operating expenses Operating income (loss) Non-operating items 1 Net income (loss)