Question
The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sales revenue 1,550,000 Interest
The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sales revenue 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 138,000 110,000 shares of common stock were outstanding throughout 2018. Required: 1. Prepare a single-step income statement for 2018, including EPS disclosures. 2. Prepare a multiple-step income statement for 2018, including EPS disclosures.
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