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E6-2 Wayman Corporation reports the following amounts in its December 31, 2021, income statement Sales revenue Interest expense $390,000 Income tax expense S 50,000 20,000

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E6-2 Wayman Corporation reports the following amounts in its December 31, 2021, income statement Sales revenue Interest expense $390,000 Income tax expense S 50,000 20,000 Cost of goods sold 130,000 40,000 Advertising expense 30,000 Salaries expense Utilities expense 50,000 Required: Prepare a multiple-step income statement. Prepare a multiple-step income statement and analyze profitability (L06-2)

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