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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 1,750,000 Interest
The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Account Title Debits Credits Sales revenue 1,750,000 Interest revenue 42,000 Gain on sale of investments 62,000 Cost of goods sold 810,000 Selling expenses 220,000 General and administrative expenses 87,000 Interest expense 52,000 Income tax expense 142,000 There were 150,000 shares of common stock outstanding throughout 2021. Required: Prepare a single-step income statement for 2021, including EPS disclosures. Prepare a multiple-step income statement for 2021, including EPS disclosures
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