The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debits Credits 1,650,000 40,000 60,000 Account Title Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 790,000 210,000 85,000 50,000 140,000 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. Answer is complete but not entirely correct. Required 1 Required 2 Prepare a single-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains: Sales revenue Interest revenue Gain on sale of investments $ 1,800,000 $ 43,000 63,000 1,906,000 Total revenues and gains Expenses and losses: Cost of goods sold Selling expense General and administrative expense Interest expense OOOO $ (820,000) (225,000) (88,000) (53,000) Total expenses and losses Income before income taxes Income tax expense Net income Earnings per share (1,186,000) 720,000 (143,000) 577,000 $ 5.77 Required 1 Required 2 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.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue $ 1,800,000 Cost of goods sold (820,000) Gross profit 980,000 Operating expenses: Selling expense $ (225,000) X General and administrative expense (88,000) (313,000) 667,000 Total operating expenses Operating income Other income (expense): Interest revenue Gain on sale of investments Interest expense 43,000 X 63,000 (53,000) Total other income, net Income before income taxes Income tax expense Net income Earnings per share 53,000 720,000 (143,000) 577,000 5.77 $ $