You E6-3 Tisdale Incorporated reports the following amount in its December 31, 2024, income statement. Sales revenue Nonoperating revenue Selling expenses General expenses Income tax expense Cost of goods sold Administrative expenses $300,000 110,000 60,000 50,000 $ 30,000 190,000 40,000 Required: 1. Prepare a multiple-step income statement. 2. Explain how analyzing the multiple levels of profitability can help in understanding the future profit-generating potential of Tisdale Incorporated.

E6-3 Tisdale Incorporated reports the following amount in its December 31,2024 , income statement. Required: 1. Prepare a multiple-step income statement. 2. Explain how analyzing the multiple levels of profitability can help in understanding the future profit-generating potential of Tisdale Incorporated