The following is a partial trial balance for the Green Star Corporation as of December 31, 2024: Account Title Sales revenue Debits Credits $1,550,000 Interest revenue 38,000 Gain on sale of investments 58,000 Cost of goods sold $770,000 Selling expenses 200,000 General and administrative expenses 83,000 Interest expense 48,000 Income tax expense 138,000 Required: 1. Prepare a single-step income statement by inserting the amounts above into the appropriate section. 2. Prepare a multiple-step income statement by inserting the amounts above into the appropriate section. Required 1 equirea z Prepare a single-step income statement by inserting the amounts above into the appropriate section. GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2024 Revenues and gains: Sales revenue Interest revenue Gain on sale of investments. Total revenues and gains Expenses and losses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses and losses Income before income taxes Net income $1,550,000 6 38,000 58,000 1,646,000 $ 770,000 200,000 83,000 48,000 138,000 1,239,000 407,000 110,000 $ 4 Required 1 Required 2 > Required 1 Required 2 Prepare a multiple-step income statement by inserting the amounts above into the appropriate s GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2024 Sales revenue Cost of goods sold Gross profit Operating expenses: Selling expenses $ 200,000 General and administrative expenses 83,000 Total operating expenses $ 1,550,000 770,000 780,000 283,000 497,000 Operating income Other income (expense). Interest revenue 38,000 Gain on sale of investments 58,000 Interest expense (48,000) Income tax expense (138,000) Total other income, net (90,000) Income before income taxes 407,000 110,00 Net income 4 x