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  3. wayman corporation reports the following amounts i

Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue...

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Accounting

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Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue Interest expense Salaries expense Utilities expense $390,000 Income tax expense 20,000 cost of goods sold 40,000 Advertising expense 50,000 $ 50,000 130,000 30,000 Required: Prepare a multiple-step income statement WAYMAN CORPORATION Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue 390,000 Cost of goods sold 130,000 $ 260,000 Gross profit Salaries expense Utilities expense 40,000 50,000 90,000 Total operating expenses Operating income Interest expense

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