Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. $ 32,000 124,000 21,000 Income tax expense Sales revenue Interest expense Salaries expense Utilities expense $320,000 13,000 Cost of goods sold 32,000 44,000 Advertising expense Prepare a multiple-step income statement. BEASLEY INC., Multiple-Step Income Statement For the year ended December 31, 2021 Total operating expenses Income before income taxes
Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. $ 32,000 124,000 21,000 Income tax expense Sales revenue Interest expense Salaries expense Utilities expense $320,000 13,000 Cost of goods sold 32,000 44,000 Advertising expense Prepare a multiple-step income statement. BEASLEY INC., Multiple-Step Income Statement For the year ended December 31, 2021 Total operating expenses Income before income taxes
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Beasley, Inc., reports the following amounts in its December 31, 2021, income statement.
Sales revenue
Interest expense
Salaries expense
Utilities expense
$320,000 Income tax expense
13,000
32,000 Advertising expense
44,000
$ 32,000
124,000
21,000
Cost of goods sold
Prepare a multiple-step income statement.
BEASLEY INC.,
Multiple-Step Income Statement
For the year ended December 31, 2021
Total operating expenses
Income before income taxes](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffbd2edfa-ebf7-4438-babc-36cc5ae93bbd%2Fe477578c-f0bc-4fe5-8c1a-00435102e6c6%2Fubmz1gq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Beasley, Inc., reports the following amounts in its December 31, 2021, income statement.
Sales revenue
Interest expense
Salaries expense
Utilities expense
$320,000 Income tax expense
13,000
32,000 Advertising expense
44,000
$ 32,000
124,000
21,000
Cost of goods sold
Prepare a multiple-step income statement.
BEASLEY INC.,
Multiple-Step Income Statement
For the year ended December 31, 2021
Total operating expenses
Income before income taxes
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