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The following is a partial trial balance for the Green Star Corporation as of December 31, 2016:   Account...

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Accounting

The following isa partial trial balance for the Green Star Corporation as ofDecember 31, 2016:

  Account TitleDebitsCredits
  Sales revenue1,300,000    
  Interest revenue33,000    
  Gain on sale of investments53,000    
  Cost of goods sold720,000    
  Selling expenses175,000    
  General and administrative expenses78,000    
  Interest expense43,000    
  Income tax expense133,000    

150,000 sharesof common stock were outstanding throughout 2016.

Required:
1.

Prepare a single-stepincome statement for 2016, including EPS disclosures.(Round EPS answer to 2 decimalplaces.)

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.)

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