2 13 points eBook Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement. Sales revenue Nonoperating revenue Income tax expense Cost of goods sold $22,000 182,000 32,000 Administrative expenses Selling expenses General expenses $260,000 102,000 52,000 42,000 Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement "Tisdale Incorporated does not appear to have much profit-generating potential." is true or false.

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 incotporated does not appear to have much profit-generating potential. is irue or false