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.

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