Tisdale Incorporated reports the following amounts in its December 31, 2024, income statement.

Sales revenue	$255,000	Income tax expense	$21,000
Nonoperating revenue	101,000	Cost of goods sold	181,000
Selling expenses	51,000	Administrative expenses	31,000
General expenses	41,000

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.