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 $280,000 106,000 56,000 46,000 Income tax expense Cost of goods sold Administrative expenses $ 26,000 186,000 36,000 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 $ 280,000 Cost of goods sold (186,000) $ 94,000 Gross profit Selling expenses General expenses Administrative expenses (56,000) (46,000) (36,000) (138,000) Total operating expenses Operating income (loss) Non-operating revenue Income tax expense 111,000