Tisdale Incorporated reports the following amount in its December 31, 2021, Income statement. Sales revenue Non-operating revenue Selling expenses General expenses $325,000 115,000 65,000 55,000 Income tax expense Cost of goods sold Administrative expenses $ 35,000 195,000 45,000 Required information 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 $ 325,000 195,000 Sales revenue Cost of goods sold Gross profit Selling expenses General expenses Administrative expenses Total operating expenses Operating income (loss) Non-operating revenue Income tax expense Income before income taxes Net income 65,000 55,000 45,000 $ $ 130,000 165,000 (35,000) 115,000 45,000 80,000 35,000