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Sagot :
Answer and Explanation:
The preparation of the multiple-step income statement is presented below:
Sales revenue $285,000
Less:
cost of goods sold - $187,000
Gross profit $98,000
Less:
Selling expenses -$57,000
Administrative expenses -$37,000
General expenses -$47,000
Operating loss -$43,000
Non-operating revenue $107,000
Income before taxes $64,000
Less: income tax expense -$27,000
net income $37,000
since there is the net income so the Tisdale Incorporated would have the high profitable position
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