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es Required information [The following information applies to the questions displayed below.] Tisdale Incorporated reports the following amount in its December 31, 2021, income
es Required information [The following information applies to the questions displayed below.] Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue $330,000 Income tax expense Non-operating revenue 116,000 Cost of goods sold $ 36,000 196,000 Selling expenses 66,000 Administrative expenses 46,000 General expenses 56,000 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue $ 330,000 Cost of goods sold (196,000) Gross profit $ 134,000 Selling expenses 66,000 General expenses Administrative expenses 56,000 46,000 168,000 Total operating expenses Operating income (loss) Non-operating revenue 116,000
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