S Exercise 6-3 (Algo) Prepare a multiple-step income statement and analyze profitability (LO6-2) Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement. Income tax expense Cost of goods sold $35,000 195,000 45,000 Administrative expenses Sales revenue Nonoperating revenue Selling expenses General expenses $325,000 115,000 65,000 55,000 Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement "Tisdale Incorporated does not appear to have much profit-generating potential." is true or false. Complete this question by entering your answers in the tabs below. Required 1 Required 2

Exercise 6-3 (Algo) Prepare a multiple-step income statement and analyze profitability (LO6-2) Tisdale Incorporated reports the following amounts in its December 31,2024 , income statement. Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement "Tisdale Incorporated does not appear to have much profit-generating potential " is true or fals Complete this question by entering your answers in the tabs below. TISDALE INCORPORATED Multiple-Step Income Statement For the Year Ended December 31, 2024 \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total operating expenses & & \\ \hline Operating income (loss) & & \\ \hline & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Indicate whether the statement "Tisdale Incorporated does not appear to have much profit-generating potential." is true or false. Tisdale Incorporated does not appear to have much profit-generating potential