Wayman Corporation reports the following amounts in its December $31,2024,$ income statement.

Sales revenue

Interest expense

Salaries expense

Utilities expense

$$348,000$

$14,000$

$34,000$

$44,000$

Income tax expense

Cost of goods sold

Advertising expense

$$44,000$

$124,000$

$24,000$

Required:

Prepare a multiple$-$step income statement.

$\backslash$table$[[$WAYMAN CORPORATION$],[$Multiple$-$Step Income Statement$],[$For the Year Ended December $31,2024],[$Sales revenue,$$,348,000,],[$Cost of goods sold$],[,,,],[,,,],[,,,],[,,,],[,,,],[$Total operating expenses,,,$0],[$Operating income,,,$122,000],[$Interest expense,,,$14,000],[$F$,,,],[$Income before income taxes,,$y^{},108,000],[$Income tax expense,,,$44,000]]$