Prepare multiple-step income statement

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Reference no: EM131253722

The following is a partial trial balance for the Green Star Corporation as of December 31, 2016: Account Title Debits Credits Sales revenue 2,100,000 Interest revenue 49,000 Gain on sale of investments 69,000 Cost of goods sold 880,000 Selling expenses 255,000 General and administrative expenses 94,000 Interest expense 59,000 Income tax expense 149,000 100,000 shares of common stock were outstanding throughout 2016. Required: 1. Prepare a single-step income statement for 2016, including EPS disclosures. (Round EPS answer to 2 decimal places.) 2. Prepare a multiple-step income statement for 2016, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)

Reference no: EM131253722

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