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 Non-operating revenue Selling expenses General expenses $290,000 108,000 58,000 48,000 Income tax expense Cost of goods sold Administrative expenses $ 28,000 188,000 38,000 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) Required information X Answer is not complete. TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue $ 290,000 Cost of goods sold (188,000) Gross profit $ 102,000 58,000 48,000 38,000 144,000 Selling expenses General expenses Administrative expenses Total operating expenses Operating income (loss) Non-operating revenue Income tax expense Income before income taxes 42,000 X 108,000 28,000 66,000 X Net income $ 38,000