Prepare a properly formatted multistep income statement that would be used for external reporting purposes.

Im just missing something.

The following information appies to the questions displayed below] Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format): Part 1 of 2 Profit and Loss Debit Credit $281,200 2.5 points Cost of Goods Sold Salaries and Wages Expense office Expenses Travel Expensers $215,000 42,000 1,000 Net Profit 281,200 5281.200 Required: 1. Prepare a properly formatted multistep income statement that would be used for external reporting purposes. For the Year Ended December 31 Sales 281,200 ost of Goods Sold Proft and Wages Expense 42.000 Expenses ravel Expense 4,000 from Operations Tax Expense 5,760