Acc304 Intermediate Accounting: E4-1 The following is a partial trial balance for the Green Star

Acc304 Intermediate Accounting 
E4-1 Income Statement Format; Single-step and Multiple step 
The following is a partial trial balance for the Green Star Corporation as of December 31, 2009. 
Account Title Debits Credits 
Sales revenue 1,300,000 
Interest revenue 30,000 
Gain on sale of equipment 50,000 
Cost of goods sold 720,000 
Salaries expense 160,000 
Depreciation expense 50,000 
Interest expense 40,000 
Rent expense 25,000 
Income tax expense 130,000 

100,000 shares of common stock were outstanding throughout 2009. 

Required: 
1. Prepare a single-step income statement for 2009, including EPS disclosures. 
2. Prepare a multiple-step income statement for 2009, including EPS disclosures.
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