Wayman Corporation reports the following amounts in its December 31, 2024, income statement. Sales revenue Interest expense Salaries expense Utilities expense $446,000 28,000 48,000 58,000 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 Income tax expense Cost of goods sold Advertising expense 0 $58,000 138,000 38,000

Wayman Corporation reports the following amounts in its December 31,2024 , income statement Required: Prepare a multiple-step income statement