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 Gain on sale of investments 1,450,000 36,000 56,000 $ Cost of goods sold 750,000 Selling expenses 190,000 General and administrative 81,000 expenses Interest expense 46,000 Income tax expense 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 multiple-step income statement by inserting the amounts above into the appropriate section. GREEN STAR CORPORATION Income Statement For the Year Ended December 31, 2024 Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income < Required 1 Required 2 >