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

The following is a partial trial balance for the Green Star Corporation as of December 31, 2016: Account Title Debits Credits Sales revenue 1,900,000 Interest revenue 45,000 Gain on sale of investments 65,000 Cost of goods sold 840,000 Selling expenses 235,000 General and administrative expenses 90,000 Interest expense 55,000 Income tax expense 145,000 150,000 shares of common stock were outstanding throughout 2016. Required: 1. Prepare a single-step income statement for 2016, including EPS disclosures. (Round EPS answer to 2 decimal places.)

2.

Prepare a multiple-step income statement for 2016, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)

    

rev: 02_25_2015_QC_CS-7596

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ekkarill92 answered 11 months ago
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