Required information [The following Information applies to the questions displayed below.) Tisdale Incorporated reports the...
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Required information [The following Information applies to the questions displayed below.) Tisdale Incorporated reports the following amount in its December 31, 2021, Income statement Sales revenue Non-operating revenue Selling expenses General expenses $320,000 114,000 64,000 54.ee Income tax expense Cost of goods sold Administrative expenses $ 34,000 194,600 44,00 Required: 1. Prepare a multiple-step Income statement. (Losses should be indicated by a minus sign.) Answer is complete but not entirely correct. TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue s 320.000 Cost of goods sold 194,000 s profit Garral expenses Administrative expenses Selling expenses looooo S 126.000 34.000 44,000 54 000 Total operating expenses Operating income (1095) Non-operating revenue 162.000 38.000 114 000 Uncome before income taxes DD income tax expense Net income 33 000 84.000 08.000 & S
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