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Tisdale Incorporated reports the following amount in its December 31, 2021, income statement Sales revenue Non-operating revenue Selling expenses General expenses $350,000 120,000 70,000 60,000

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Tisdale Incorporated reports the following amount in its December 31, 2021, income statement Sales revenue Non-operating revenue Selling expenses General expenses $350,000 120,000 70,000 60,000 income tax expense of goods sold Administrative expenses S 40,000 200,000 50,000 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.)

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