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The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debits Credits 1,700,000 41,000 61,000 Account Title Sales
The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debits Credits 1,700,000 41,000 61,000 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 800,000 215,000 86,000 51,000 141,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a single-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal plac GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains For the Year Ended December 31, 2021 Revenues and gains: Total revenues and gains Expenses and losses: 0 Total expenses and losses 0 Income before income taxes 0 Net income Earnings per share Required 2 Prepare a multiple-step income statement for 2021, including EPS disclosures. (Amounts to be deducted sho with a minus sign. Round EPS answer to 2 decimal places.) GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2021 Gross profit Operating expenses 0 Total operating expenses Operating income Other income (expense): 0 Total other income, net 0 Income before income taxes 0 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 Gross profit Operating expenses 0 Total operating expenses Operating income Other income (expense): 0 w Total other income, net 0 Income before income taxes 0
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