Beasley,Inc.reports the following amounts in its December 31,2012,income statement.
Prepare a multiple-step income statement.
$$\begin{array} { l r l r }
\text { Sales revenue } & \$ 300,000 & \text { Income tax expense } & \$ 38,000 \
\text { Interest expense } & 12,000 & \text { Cost of goods sold } & 125,000 \
\text { Salaries expense } & 35,000 & \text { Advertising expense } & 24,000 \
\text { Utilities expense } & 41,000 & &
\end{array}$$

Question

Beasley,Inc.reports the following amounts in its December 31,2012,income statement.
Prepare a multiple-step income statement.
 $$\begin{array} { l r l r } 
\text { Sales revenue } & \$ 300,000 & \text { Income tax expense } & \$ 38,000 \
\text { Interest expense } & 12,000 & \text { Cost of goods sold } & 125,000 \
\text { Salaries expense } & 35,000 & \text { Advertising expense } & 24,000 \
\text { Utilities expense } & 41,000 & &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Beasley,Inc.reports the following amounts in its December 31,2012,income statement.
Prepare a multiple-step income statement.
 $$\begin{array} { l r l r } 
\text { Sales revenue } & \$ 300,000 & \text { Income tax expense } & \$ 38,000 \
\text { Interest expense } & 12,000 & \text { Cost of goods sold } & 125,000 \
\text { Salaries expense } & 35,000 & \text { Advertising expense } & 24,000 \
\text { Utilities expense } & 41,000 & &
\end{array}$$