The following is a partial trial balance for the Green Star Corporation as of December 31, 2011:

100,000 shares of common stock were outstanding throughout 2011.

Required:
1. Prepare a single-step income statement for 2011, including EPS disclosures.
2. Prepare a multiple-step income statement for 2011, including EPSdisclosures.

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Account Title Debits| Credits Sales revenue Interest revenue Gain on sale of 13,00,000 30,000 50,000 investments Cost of goods sold .20,000 Salaries expnse 1.60,000 Depreciation expense 50,000 Interest expense Rent expense Income tax expense 1,30,000 40,000 25,000