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Exercise 6-2 (Algo) Prepare a multiple-step income statement (LO6-2) Wayman Corporation reports the following amounts in its December 31, 2024, income statement. Sales revenue
Exercise 6-2 (Algo) Prepare a multiple-step income statement (LO6-2) Wayman Corporation reports the following amounts in its December 31, 2024, income statement. Sales revenue Interest expense Salaries expense Utilities expense Required: $418,000 Income tax expense 24,000 44,000 Cost of goods sold Advertising expense 54,000 Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-Step Income Statement For the Year Ended December 31, 2024 Total operating expenses Operating income $54,000 134,000 34,000
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