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The following information was taken from the accounts of Green Market, a delicatessen, at December 31 , Year 2 . The accountsPrepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign.)Prepare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.)

The following information was taken from the accounts of Green Market, a delicatessen, at December 31 , Year 2 . The accounts are listed in alphabetical order, and each has a normal balance. Required Prepare an income statement for the year using the single-step and multistep approach Prepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign.) Prepare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.)


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GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Year 2 Sales revenue $5,600 Expenses Cost of goods sold ($2,950) Adver
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