Exercise 4-2 Income statement format; single step and multiple step [LO4-1, 4-5]

The following is a partial trial balance for the Green Star Corporation as of December 31, 2016:

Account Title	Debits	Credits
Sales revenue		1,200,000
Interest revenue		31,000
Gain on sale of investments		51,000
Cost of goods sold	700,000
Selling expenses	165,000
General and administrative expenses	76,000
Interest expense	41,000
Income tax expense	131,000

130,000 shares of common stock were outstanding throughout 2016.

Required:
1.	Prepare a single-step income statement for 2016, including EPS disclosures.(Round EPS answer to 2 decimal places.)

The tellewing is a partial lriai balance for the Green Star Berperalien as ef Deeember 31, E15: Amntla Dalila Gradila Sales revenue Lemma Interest revenue 31.0!!!) Gain en sale at investments 51pm Cast ef goods sold ?D. Seiiing expenses 155.011] General and administrative expenses Team Interest expense 41pm lneerne tax expense 131.0![1] 13r shares of eemmen steak were mjtstanding threughmd 2D16. Required: 1. Prepare a singlestep inseme stateth fer 2315. including EF'S diselesures. [Round EPB answer ta 2 decimal places.) Telal revenues and gains Expenses and lessee: WWW Earnings per share _ 2. Prepare a mulpiaetep inoome statement for 201E inoluriing EPS diedoeurea. (Amount: to be deducted should be Indicated with a minus sign. Round EPB answer to 2 decimal places] operating mp __ maimemm Gii'iEF inoome [expense]: Total oiher inoome, net lnoome before inoome taxes Earnings per share