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Sales Revenue $275,000 Non Operating Revenue 105,000 Selling Exoense 55,000 General Expense 45,000 Income Tax Expense 25,000 Cost of Goods Sold 185,000 Administrative Expenses 35,000

Sales Revenue $275,000
Non Operating Revenue 105,000
Selling Exoense 55,000
General Expense 45,000
Income Tax Expense 25,000
Cost of Goods Sold 185,000
Administrative Expenses 35,000
1 - Prepare a mulitple-step income statement.
2 - Indicate whether the statenent "Tisdale Incorporated does not appear to have much profit-generating potential" is true or false.

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