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Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue Interest expense Salaries expense Utilities expense $ 327,000 Income tax
Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue Interest expense Salaries expense Utilities expense $ 327,000 Income tax expense 11,000 Cost of goods sold 31,000 Advertising expense 41,000 $ 41,000 121,000 21,000 Required: Prepare a multiple-step income statement. WAYMAN CORPORATION Multiple-step Income Statement For the year ended December 31, 2018 Total operating expenses Operating income
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