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Exercise 4-2 (Algo) Income statement format; single step and multiple step (L04-1, 4-5] The following is a partial trial balance for the Green Star Corporation as of December 31, 2021: Debits Credits 1,350,000 34,000 54,000 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 730,000 180,000 79,000 44,000 134,000 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. 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: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Net income Earnings per share 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 FO For the Year Ended December 31, 2021 Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income Earnings per share

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