Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue Interest expense Salaries expense Utilities expense $ 460,000 Income tax expense 30,000 Cost of goods sold 50,000 Advertising expense 60,000 $ 60,000 140,000 40,000 Required: Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-step Income Statement For the year ended December 31, 2018 Sales revenue $ 460,000 Cost of goods sold 140,000 Gross profit Salaries expense Utilities expense Advertising expense 50,000 60,000 40,000 150,000 Total operating expenses Operating income Interest expense 30,000 Income before income taxes 60,000 Income tax expense Net income