The following is a partial trial balance for the Green Star Corporation as of December 31, 2013:
June 8th, 2024
Exercise 4-1 Income statement format; single step and multiple step [LO4-1, 4-6]The following is a partial trial balance for the Green Star Corporation as of December 31, 2013:Account Title Debits CreditsSales revenue 1,700,000Interest revenue 41,000Gain on sale of investments 61,000Cost of goods sold 800,000Selling expense 215,000General and administrative expenses 86,000Interest expense 51,000Income tax expense 141,000100,000 shares of common stock were outstanding throughout 2013.Required:1.Prepare a single-step income statement for 2013, including EPS disclosures.2. Prepare a multiple-step income statement for 2013, including EPS disclosures.