Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement. Sales revenue Nonoperating revenue Selling expenses Income tax expense Cost of goods sold $29,000 189,000 Administrative expenses 39,000 General expenses Required: 1. Prepare a multiple-step income statement. 2. Indicate whether the statement "Tisdale Incorporated does not appear to have much profit-generating potential." is true or false. Complete this question by entering your answers in the tabs below. Required 1 $295,000 109,000 59,000 49,000 Required 2 Prepare a multiple-step income statement. Note: Losses should be indicated by a minus sign. TISDALE INCORPORATED Multiple-Step Income Statement For the Year Ended December 31, 2024 Total operating expenses Operating income (loss) Required Required 2 >

Tisdole incorporated reports the following amounts in its December 31,2024, income statement. Required: 1. Prepare o multiple-step income statement. 2 Indicate whether the statement "Tisdale incorporated does not appear to have much profit-generating potential." is true or fa Complete this question by entering your answers in the tabs below. Prepare a muleiple-step income statement. Note: Losses should be indicated by a minus slon