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The following is a partial trial balance for the Green Star Corporation as of December 31, 2013: Account Title Debits Credits Sales revenue 1,500,000 Interest
The following is a partial trial balance for the Green Star Corporation as of December 31, 2013: |
Account Title | Debits | Credits |
Sales revenue | 1,500,000 | |
Interest revenue | 37,000 | |
Gain on sale of investments | 57,000 | |
Cost of goods sold | 760,000 | |
Selling expense | 195,000 | |
General and administrative expenses | 82,000 | |
Interest expense | 47,000 | |
Income tax expense | 137,000 | |
100,000 shares of common stock were outstanding throughout 2013. |
Required: | |
1. | Prepare a single-step income statement for 2013, including EPS disclosures. (Round EPS answer to 2 decimal places.) 2 Prepare a multiple-step income statement for 2013 including EPS disclosures. Amounts to be deducted should beindicated with a minus sign. Round EPS answers to decimal places |
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