Wayman Corporation reports the following amounts in its December 31, 2021, income statement.
Sales revenue $ 460,000
Income tax expense $ 60,000
Interest expense 30,000
Cost of goods sold 140,000
Salaries expense 50,000
Advertising expense 40,000
Utilities expense 60,000
Required:
1. Prepare a multiple-step income statement.
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Home » Business » Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 460,000 Income tax expense $ 60,000 Interest expense 30,000 Cost of goods sold 140,000 Salaries expense 50,000 Advertising expense 40,000