Wayman Corporation reports the following amounts in its December 31, 2021, income statement.
Sales revenue $ 460,000
Income tax expense $ 60,000
Interest expense 30,000
Cost of goods sold 140,000
Salaries expense 50,000
Advertising expense 40,000
Utilities expense 60,000
Required:
1. Prepare a multiple-step income statement.

                                                  Wayman Corporation

                    Income Statement for the year ended December 31, 2021

Sales Revenue                                                                    $460,000

Cost of Goods Sold                                                             ($140,000)

Gross Profit                                                                           $320,000

Operating Expenses

                      Advertising Expense             $40,000

                      Salaries Expense                   $50,000

                      Utilities Expense                    $60,000

Total operating expense                                                     ($150,000)

Operating Income                                                                $170,000

Interest Expense                                                                   ($30,000)

EBT                                                                                        $140,000

Income tax expense                                                             ($60,000)

Net Income                                                                            $80,000

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i hope this you! : )