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The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Account Title Debits Credits Sales revenue 1,350,000 Interest

The following is a partial trial balance for the Green Star Corporation as of December 31, 2021:

Account Title Debits Credits
Sales revenue 1,350,000
Interest revenue 34,000
Gain on sale of investments 54,000
Cost of goods sold 730,000
Selling expenses 180,000
General and administrative expenses 79,000
Interest expense 44,000
Income tax expense 134,000

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.

Prepare a single-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal places.)

Prepare a multiple-step income statement for 2021, 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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