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The following is a partial trial balance for the Green Star Corporation as of December 31, 2016: Account Title Debits Credits Sales revenue 1,300,000 Interest

The following is a partial trial balance for the Green Star Corporation as of December 31, 2016:

Account Title Debits Credits
Sales revenue 1,300,000
Interest revenue 33,000
Gain on sale of investments 53,000
Cost of goods sold 720,000
Selling expenses 175,000
General and administrative expenses 78,000
Interest expense 43,000
Income tax expense 133,000

150,000 shares of common stock were outstanding throughout 2016.

Required:
1.

Prepare a single-step income statement for 2016, including EPS disclosures. (Round EPS answer to 2 decimal places.)

2.

Prepare a multiple-step income statement for 2016, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)

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