The following information was taken from the accounts of Healthy Eats, a delicatessen, at December 31, 2013. The accounts are listed in alphabetical order, and each has a normal balance. 

Accounts payable ............$1,200
Accounts receivable ........... $800
Advertising expense ...........$400
Cash .................$820
Common stock .............$400
Cost of goods sold ..........$1,200
Interest expense ...........$140
Merchandise inventory .........$900
Prepaid rent ..............$80
Retained earnings ...........$1,000
Sales revenue ............$2,000
Salaries expense ...........$260
Rent expense ............$220
Loss on sale of land ...........$50

Required:

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