Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue $ 325,000 Income tax expense $ 35,000 Non-operating revenue 115,000 Cost of goods sold 195,000 Selling expenses 65,000 Administrative expenses 45,000 General expenses 55,000 Exercise 6-3A Part 1 Required: 1. Prepare a multiple-step income statement. (Losses should be indicated by a minus sign.)

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.