Exercise 4-2 (Algo) Income statement format; single step and multiple step [LO4-1] The following is a partial trial balance for the Green Star Corporation as of December 31, 2024: Account Title Debits Credits $ Sales revenue Interest revenue 1,450,000 36,000 Gain on sale of investments 56,000 Cost of goods sold 750,000 Selling expenses 190,000 General and administrative 81,000 expenses Interest expense Income tax expense 46,000 136,000 Required: 1. Prepare a single-step income statement by inserting the amounts above into the appropriate section. 2. Prepare a multiple-step income statement by inserting the amounts above into the appropriate section. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare a single-step income statement by inserting the amounts above into the appropriate section. GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2024 Revenues and gains: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Net income < Required 1 Required 2 >