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Wayman Corporation reports the following amounts in its December 31, 2024, income statement. ...

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Accounting

Wayman Corporation reports the following amounts in its December 31, 2024, income statement.

Sales revenue $432,000 Income tax expense $56,000
Interest expense 26,000 Cost of goods sold 136,000
Salaries expense 46,000 Advertising expense 36,000
Utilities expense 56,000

Required: Prepare a multiple-step income statement.

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