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Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue $348,000 Income tax expense $ 44,000 Interest expense 14,000
Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue $348,000 Income tax expense $ 44,000 Interest expense 14,000 Salaries expense 34,000 Cost of goods sold Advertising expense 124,000 24,000 Utilities expense 44,000 Required: Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-step Income Statement For the year ended December 31, 2021 Total operating expenses Operating income 0
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