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  3. the following information was taken from the accou

The following information was taken from the accounts of Green Market, a delicatessen, at December...

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Accounting

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The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order, and each has a normal balance. Cash Xccounts payable Accounts receivable Advertising expense Con stoel Coat of wood sold Interest expense Merchandisinventory Prepaid rent Betained ca 1/1/2 Sales reven Series expens ant super Cain on sale of land $ 505 405 200 415 205 600 55 400 45 600 1.050 110 100 90 Required Prepare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.). GREEN MARKET Multintop Income Statement For the Year Ended Decomber 31, Year 2 0 Operating expenses 0 Total operating expenses Operating Income (loss) Non-operating items Net Income (loss) Sinolenta Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/Year 2 Sales revenue Salaries expense Rent expense Gain on sale of land $ 605 405 200 415 205 600 65 400 45 640 1050 180 100 90

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