Sales revenue $334,000 Interest expense 12,000 Salaries expense 32,000 Utilities expense 42,000 Income tax expense...
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Sales revenue $334,000 Interest expense 12,000 Salaries expense 32,000 Utilities expense 42,000 Income tax expense Cost of goods sold Advertising expense $ 42,000 122,000 22,000 Required: Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue Cost of goods sold Total operating expenses Operating income $ 334,000 122,000 0
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