Tisdale Incorporated reports the following amount in its December 31, 2018, income statement

Tisdale Incorporated reports the following amount in its December 31, 2018, income statement.

  Sales revenue                 $ 300,000                 Income tax expense   $  30,000  

  Non-operating revenue              110,000                     Cost of goods sold       190,000  

  Selling expenses            60,000       Administrative expenses          40,000  

  General expenses         50,000                  

Required:

1. Prepare a multiple-step income statement.


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