Beasley Incorporated reports the following amounts in its December 31, 2024, income statement.
Sales revenue
Interest expense
Salaries expense
Utilities expense
$ 300,000 Income tax expense
12,000 Cost of goods sold
35,000 Advertising expense
41,000
Prepare a multiple-step income statement.
BEASLEY INCORPORATED
Multiple-Step Income Statement
For the Year Ended December 31, 2024
Total operating expenses
Income before income taxes
$ 38,000
125,000
24,000
$ 0
0
0
0
$ 0