The following information applies to the questions displayed below. Tisdale Incorporated reports the following amount in its December 31, 2018, income statement. $ 290,000 $28,000 Sales revenue Income tax expense Non-operating revenue Selling expenses General expenses 108,000 Cost of goods sold AdmInistrative expenses 188,000 58,000 38,000 48,000 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, 2018 Total operating expenses Operating income (loss) 2. Tisdale Incorporated does not appear to have much profit-generating potential. True False