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Prepare a multiple-step income statement

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Question - Wayman Corporation reports the following amounts in its December 31, 2024, income statement.

Sales revenue $425,000 Income tax expense $55,000

Interest expense 25,000 Cost of goods sold 135,000

Salaries expense 45,000 Advertising expense 35,000

Utilities expense 55,000

Required - Prepare a multiple-step income statement.

Reference no: EM133144595

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