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Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales Income tax $ 44,000 $348,000 revenue expense Cost of goods sold
Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales Income tax $ 44,000 $348,000 revenue expense Cost of goods sold Interest 14,000 124,000 expense Salaries Advertising 34,000 24,000 expense expense Utilities 44,000 expense 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
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