The following is a partial trial balance for the Green Star Corporation as of December 31, 2013:
| Account Title |
Debits |
Credits |
| Sales revenue |
|
1,550,000 |
| Interest revenue |
|
38,000 |
| Gain on sale of investments |
|
58,000 |
| Cost of goods sold |
770,000 |
|
| Selling expense |
200,000 |
|
| General and administrative expenses |
83,000 |
|
| Interest expense |
48,000 |
|
| Income tax expense |
138,000 |
|
|
| 110,000 shares of common stock were outstanding throughout 2013. |
| Required: |
| 1. |
Prepare a single-step income statement for 2013, including EPS disclosures. (Round EPS answer to 2 decimal places.)
| 2. |
Prepare a multiple-step income statement for 2013, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)
|
|