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need income before income taxes and net income need help with this part too [The following information applies to the questions displayed below.) Tisdale Incorporated
need income before income taxes and net income
[The following information applies to the questions displayed below.) Tisdale Incorporated reports the following amount in its December 31, 2021, income statement Sales revenue Non-Operating revenue Selling expenses General expenses $270,000 Income tax expense 104,000 Cost of goods sold 54,000 Administrative expenses 44,000 $ 24,000 184,000 34,000 Exercise 6-3A Part 1 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) Answer is not complete. TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue $ 270,000 Cost of goods sold 184,000 86,000 Gross profit Selling expenses General expenses Administrative expenses 54,000 44,000 34.000 >IS 0 Total operating expenses Operating income (loss) Non-operating revenue 132,000 (46,000) 104,000 > Income before income taxes Income tax expense Net income 24,000 3 Required information Exercise 6-16A Calculate levels of profitability for a multiple-step income statement and the gross profit ratio (L06-2, 6-7) [The following information applies to the questions displayed below.) Below are amounts found in the income statements of three companies. Company Henry Grace James Sales Revenue $18,000 21,000 26,000 Cost of Goods Sold $ 4,500 14,700 16,120 Operating Expenses $4,300 7,300 2,300 Non-operating Expenses $1,300 3,300 0 Income Tax Expense $1,300 0 2,300 Exercise 6-16A Part 2 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Gross profit Net sales Henry 0 Grace Gross profit Net sales 0 James Gross profit Net sales 0 need help with this part too
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