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The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Account Title Debits Sales revenue Credits 1,500,000
The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Account Title Debits Sales revenue Credits 1,500,000 Interest revenue 37,000 Gain on sale of investments 57,000 Cost of goods sold 760,000 08 Selling expenses 195,000 General and administrative expenses 82,000 Interest expense 47,000 Income tax expense 137,000 ces There were 100,000 shares of common stock outstanding throughout 2021. Required: 1. Prepare a single-step income statement for 2021, including EPS disclosures. 2. Prepare a multiple-step income statement for 2021, including EPS disclosures.
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