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

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Accounting

The following is a partial trial balance for the Green Star Corporation as of December 31, 2024:

Account Title Debits Credits
Sales revenue $ 1,750,000
Interest revenue 42,000
Gain on sale of investments 62,000
Cost of goods sold $ 810,000
Selling expenses 220,000
General and administrative expenses 87,000
Interest expense 52,000
Income tax expense 142,000

Required:

  1. Prepare a single-step income statement by inserting the amounts above into the appropriate section.
  2. Prepare a multiple-step income statement by inserting the amounts above into the appropriate section.
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image Prebare a sinale-steo income statement bv insertina the amounts above into the appropriate section. Prepare a multiple-step income statement by inserting the amounts above into the appropriate
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