The following is a partial trial balance for the Green Star Corporation as of December 31, 2018:
Credits
Sales revenue $1,350,000
Interest revenue $34,000
Gain on sale of investments $54,000
Debits
Cost of goods sold $730,000
Selling expenses $180,000
General and administrative expenses $79,000
Interest expense $44,000
Income tax expense $134,000
100,000 shares of common stock were outstanding throughout 2018.
Required:
1. Prepare a single-step income statement for 2018, including EPS disclosures.
2. Prepare a multiple-step income statement for 2018, including EPS disclosures.