Extra Credit Opportunity # $1$ i

Saved

Help

Save & Exit

Submit

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.

$4$ points

Required:

Prepare a multiple$-$step income statement.

Return to question

$\backslash$table$[[$Sales revenue,$$376,000,$Income tax expense,$$48,000],[$Interest expense,$18,000,$Cost of goods sold,$128,000],[$Salaries expense,$38,000,$Advertising expense,$28,000],[$Utilities expense,$48,000,,]]$

Answer is not complete.

$\backslash$table$[[$WAYMAN CORPORATION$],[$Multiple$-$Step Income Statement$],[$For the Year Ended December $31,2024],[$Sales revenue,$(,376,000,],[$Cost of goods sold,,$(128,000),],[$Gross profit,$(,,$$$248,000],[$Salaries expense,,$38,000$vv$,],[$Advertising expense,$,28,000$vv$,],[$Utilities expense,,$48,000,],[$Total operating expenses,,,$114,000],[$Operating income,,,$134,000],[$Income tax expense,$\backslash$times $,,48,000\backslash$times $],[$Interest expense,,,$18,000],[$Income before income taxes,$,,114,000\backslash$times $],[$Net income,grad,,$66,000\backslash$times $]]$

Mc

Graw

Prev

$3$ of $5$

NextWayman Corporation reports the following amounts in its December $31,2024,$ income statement.

Sales revenue $$376,000$ Income tax expense $$48,000$

Interest expense $18,000$ Cost of goods sold $128,000$

Salaries expense $38,000$ Advertising expense $28,000$

Utilities expense $48,000$

Required:

Prepare a multiple$-$step income statement.