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Exercise 4-2 (Static) income statement format, single step and multiple step [LU4-1) 20 points The following is a partial trial balance for the Green Star Corporation as of December 31, 2027: Account Title Debits Credits Sales revenue $ 1,300,000 a Interest revenue 30,000 eBook Gain on sale of investments 50,000 Cost of goods sold $ 720,000 Selling expenses 160,000 8 General and administrative expenses 75,000 Hint Interest expense 40,000 Income tax expense 130, 000 7 Required: Print 1. Prepare a single-step income statement by inserting the amounts above into the appropriate section. lr 2. Prepare a multiple-step income statement by inserting the amounts above into the appropriate section. References Complete this question by entering your answers in the tabs below. Required 1 | Required 2 Prepare a single-step income statement by inserting the amounts above into the appropriate section. Revenues and gains: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Net income