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The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debits Credits 1,700,000 41,000 61,000 Account Title Sales
The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debits Credits 1,700,000 41,000 61,000 Account Title Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 800,000 215,000 86,000 51,000 141,000 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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