The following information was taken from the accounts of Green Market, a delicatessen, at December 31, 2018. The accounts are listed in alphabetical order, and each has a normal balance. Accounts payable $ 611 Accounts receivable 411 Advertising expense 200 Cash 421 Common stock 211 Cost of goods sold 700 Interest expense 59 Merchandise inventory 340 Prepaid rent 51 Retained earnings, 1/1/2018 646 Sales revenue 1,110 Salaries expense 240 Rent expense 100 Gain on sale of land 56 Required Prepare an income statement for the year using the single-step and multistep approach (Enter any losses with a minus sign.)