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

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Accounting

The following is a partial trial balance for the Green StarCorporation as of December 31, 2016: Account Title Debits CreditsSales revenue 1,900,000 Interest revenue 45,000 Gain on sale ofinvestments 65,000 Cost of goods sold 840,000 Selling expenses235,000 General and administrative expenses 90,000 Interest expense55,000 Income tax expense 145,000 150,000 shares of common stockwere outstanding throughout 2016. Required: 1. Prepare asingle-step income statement for 2016, including EPS disclosures.(Round EPS answer to 2 decimal places.)

2.

Prepare amultiple-step income statement for 2016, including EPS disclosures.(Amounts to be deducted should be indicated with aminus sign. Round EPS answer to 2 decimalplaces.)

    

rev:02_25_2015_QC_CS-7596

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