Required information [The following information applies to the questions displayed below] Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. $ 39,000 Sales revenue $345,000 Income tax expense Cost of goods sold Administrative expenses Non-operating revenue Selling expenses General expenses 119,000 199,000 69,000 49,000 59,000 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 Total operating expenses 0 Operating income (loss) Required information [The following information applies to the questions displayed below.] Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. $39,000 199,000 49,000 $345,000 119,000 69,000 59,000 Income tax expense Sales revenue Non-operating revenue Selling expenses General expenses Cost of goods sold Administrative expenses 2. Tisdale Incorporated does not appear to have much profit-generating potential. True False