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The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sales revenue 2,150,000 50,000
The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sales revenue 2,150,000 50,000 Interest revenue Gain on sale of investments 70,000 Cost of goods sold Selling expenses General and administrative expenses 890,000 260,000 95,000 60,000 150,000 Interest expense Income tax expense 100,000 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. Required 1 Required 2 Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Revenues and gains: Sales revenue Total revenues and gains 0 Expenses and losses: Total expenses and losses 0 Income before income taxes Earnings per share Required 1 Required 2 Prepare a multi ple-step income statement for 2018, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2018 Operating expenses: Total operating expenses C 0 Other income (expense): Total other income, net 0 Income before income taxes 0 Earnings per share
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