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The following is a partial trial balance for the Green Star Corporation as of December 31,2016: Debits Credits Account Title 2,050,000 Sales revenue 48,000 Interest
The following is a partial trial balance for the Green Star Corporation as of December 31,2016: Debits Credits Account Title 2,050,000 Sales revenue 48,000 Interest revenue 68,000 Gain on sale of investments 870,000 Cost of goods sold 250,000 Selling expenses 93,000 General and administrative expenses 58,000 Interest expense 148,000 Income tax expense 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.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2016 Rovonuos and gains: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Earnings per share
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