Required information. Exercise 6-3A Prepare a multiple-step income statement and analyze profitability (L06-2) [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 $325, eee 115,000 65,000 55, eee Income tax expense Cost of goods sold Administrative expenses $ 35,eee 195,000 45,000 Exercise 6-3A Part 1 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) TISDALE INCORPORATED Multiple-step Income Statement For the year onded December 31, 2021 Sales revenue $ 325,000 Cost of goods sold 195,000 $ 130,000 Gross profit Selling expenses General expenses Administrative expenses 65,000 55,000 45,000 Required information Required; 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.) TISDALE INCORPORATED Multiple-step Income Statement For the year ended December 31, 2021 Sales revenue $ 325,000 Cost of goods sold 195.000 $ 130,000 Gross profit Selling expenses General expenses Administrative expenses 65,000 55,000 45.000 Total operating expenses Operating income (loss) Non-operating revenue 165,000 (35,000) 115,000 45,000 80,000 Income tax expense Income before income taxes Net income $ 35,000