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  3. wayman corporation reports the following amounts i

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

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Question

Accounting

Wayman Corporation reports the following amounts in its December 31,2024, income statement.
Sales revenue
Interest expense
Salaries expense
Utilities expense
$348,000
14,000
34,000
44,000
Income tax expense
Cost of goods sold
Advertising expense
$44,000
124,000
24,000
Required:
Prepare a multiple-step income statement.
\table[[WAYMAN CORPORATION],[Multiple-Step Income Statement],[For the Year Ended December 31,2024],[Sales revenue,$,348,000,],[Cost of goods sold],[,,,],[,,,],[,,,],[,,,],[,,,],[Total operating expenses,,,0],[Operating income,,,122,000],[Interest expense,,,14,000],[F,,,],[Income before income taxes,,y,108,000],[Income tax expense,,,44,000]]
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