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Beasley, Inc. reports the following amounts in its December 31, 2018, income statement. Sales revenue Interest expense Salaries expense39,000 Utilities expense $310,000 Income tax expense

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Beasley, Inc. reports the following amounts in its December 31, 2018, income statement. Sales revenue Interest expense Salaries expense39,000 Utilities expense $310,000 Income tax expense 31,000 Cost of goods sold129,000 Advertising expense21,000 12,000 43,000 Prepare a multiple-step income statement. BEASLEY, INC Multiple-step Income Statement For the year ended December 31, 2018 Sales revenue Cost of goods sold S 310,000 129,000 S 181,000 Gross profit Salaries expense Utilities expense Advertising expense 39,000 45,000 24,000 Total operating expenses Operating income 108,000 73,000 Interest expense Income before income taxes 73,000 ncome tax expense Net income S 73,000

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