The following information was taken from the accounts of Super Foods Market, a small grocery store at December 31, 2013. The accounts are listed in alphabetical order, and all have normal balances. Dollar amounts are given in thousands.

Accounts payable .............$ 600
Accounts receivable .............$ 2,080
Advertising expense .............$ 400
Cash .................$ 1,640
Common stock .............$ 1,200
Cost of goods sold .............$ 1,800
Interest expense ..............$ 280
Merchandise inventory ..........$ 1,000
Prepaid rent ...............$ 560
Retained earnings, 1/1/2013 ........$ 1,950
Sales revenue ...............$ 4,800
Salaries expense ..............$ 520
Rent expense ..............$ 420
Gain on sale of land ............$ 150

Required: 

First, prepare an income statement for the year using the single step approach. Then prepare another income statement using the multi step approach.