Curbstone Company Income Statement For the Year Ended August 31, 2019 1 Sales $8,595,000.00 6,110,000.00 Cost of merchandise sold 2 3Income from operations $2,485,000.00 4 Expenses: Selling expenses $800,000.00 5 6 Administrative expenses 575,000.00 425,000.00 Delivery expense 1,800,000.00 Total Expenses $685,000.00 9 10 Other expense: 45,000.00 Interest revenue 11 12 Gross profit $640,000.00 Identify the errors by preparing a corrected multiple-step income statement. Be sure to complete the heading of the statement. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon () will automatically appear if it is required. In the Other expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign. Curbstone Company Income Statement (Label) 2 4 Label) 10 (Label) 12 Labels and Amount Descriptions Labels August 31, 2019 For the Year Ended August 31, 2019 Expenses Other expense Amount Descriptions Gross profit Income from operations Net income Net loss Total assets Total liabilities Total Expenses Total owner's equity