The following is a partial trial balance for the Green Star Corporation as of December 31, 2016:

Account Title Debits Credits

Sales revenue 1,300,000(credit)

Interest revenue 30,000(credit)

Gain on sale of investments 50,000(credit)

Cost of goods sold 720,000(debit)

Selling expenses 160,000(debit)

General and administrative expenses 75,000(debit)

Interest expense 40,000(debit)

Income tax expense 130,000(debit)

100,000 shares of common stock were outstanding throughout 2016.

Required:

1. Prepare a single-step income statement for 2016, including EPS disclosures.

2. Prepare a multiple-step income statement for 2016, including EPS disclosures.