Question - The following is a partial trial balance for the Green Star Corporation as of December 31, 2018:

Account Title Debits Credits

Sales revenue  1,850,000

Interest revenue  44,000

Gain on sale of investments  64,000

Cost of goods sold 830,000

Selling expenses 230,000

General & administrative expenses 89,000

 Interest expense 54,000

 Income tax expense 144,000 

130,000 shares of common stock were outstanding throughout 2018.

Required:

1. Prepare single-step income statement for 2018, including EPS disclosures.

2. Prepare multiple-step income statement for 2018, including EPS disclosures.