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Exercise 6-2A Prepare a multiple-step income statement (LO6-2) 125 points Wayman Corporation reports the following...

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Exercise 6-2A Prepare a multiple-step income statement (LO6-2) 125 points Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue Interest expense Salaries expense Utilities expense $390,000 20,000 40,000 50,000 Income tax expense cost of goods sold Advertising expense $50,000 130,000 30,000 Required: Prepare a multiple-step income statement WAYMAN CORPORATION Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue $ 390,000 Cost of goods sold (130,000) $ 260,000 Gross profit Salaries expense Utilities expense Advertising expense i 40,000 50,000 30,000 120.000 Total operating expenses Operating income Interest expense (20.000) Net income $ 70,000

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