[The following information applies to the questions displayed below.]

Tisdale Incorporated reports the following amount in its December 31, 2021, income statement.

Sales revenue	$	325,000		Income tax expense	$	35,000
Non-operating revenue		115,000		Cost of goods sold		195,000
Selling expenses		65,000		Administrative expenses		45,000
General expenses		55,000

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 0 Total operating expenses Operating income (loss)