1. Prepare a multiple-step income statement 2. Indicate whether the statement Tisdale Incorporated does not appear to have much profitgenerating potentialtrue or .

Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement. Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement "Tisdale Incorporated does not appear to have much profit-generating potential." Complete this question by entering your answers in the tabs below. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.)