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Wayman Corporation reports the following amounts in its December 31, 2024, income statement Sales revenue Interest expense Salaries expense Utilities expense $425,000 Income tax expense

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Wayman Corporation reports the following amounts in its December 31, 2024, income statement Sales revenue Interest expense Salaries expense Utilities expense $425,000 Income tax expense 25,000 cost of goods sold 45,000 Advertising expense 55,000 $55,000 135,000 35,000 Required: Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-Step Income Statement For the Year Ended December 31, 2024 Total operating expenses Operating income

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