Required information Exercise 6-3B Prepare a multiple-step income statement and analyze profitability (L06-2) [The following information applies to the questions displayed below.) A company reports the following amount in its December 31, Year 1 income statement. Sales revenue Non-operating revenue Selling expenses General expenses $ 270,000 104,000 54,000 Income tax expense Cost of goods sold Administrative expenses 24,000 184,000 34,60e Exercise 6-3B Part 1 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) Multiple step Income Statement For the year ended December 31, Year 1 Total operating expenses Operating income (loss)