Wayman Corporation reports the following amounts in its December 31, 2024, income statement. Sales revenue Interest expense Salaries expense Utilities expense $453,000 29,000 49,000 59,000 Required: Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-Step Income Statement For the Year Ended December 31, 2024 Income tax expense Cost of goods sold Advertising expense Sales revenue $ 453,000 Cost of goods sold 139,000 Gross profit $ 314,000 Salaries expense 49,000 Advertising expense 39,000 Utilities expense 59,000 Total operating expenses Operating income Interest expense 147,000 167,000 29,000 Income tax expense 59,000 Net income $ 79,000 $59,000 139,000 39,000