Wayman Corporation reports the following amounts in its December 31, 2024, income statement. Sales revenue Interest expense Salaries expense Utilities expense Required: $397,000 Income tax expense 21,000 Cost of goods sold 41,000 Advertising expense 51,000 Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-Step Income Statement For the Year Ended December 31, 2024 Sales revenue Cost of goods sold Gross profit Salaries expense Utilities expense Advertising expense Total operating expenses Operating income $ 397,000 131,000 41,000 51,000 31,000 123,000 21,000 Interest expense Income before income taxes 500 Income tax expense Net income $51,000 131,000 31,000