Curbstone Company Income Statement For the Year Ended August 31, 2018 Sales Cost of goods sold Income from operations $8,595,000 6,110,000 $2,485,000 Expenses: Selling expenses $800,000 Administrative expenses 575,000 Delivery expense $425,000 Total expenses 1,800,000 $685,000 Other expense: Interest revenue Gross profit 45,000 $640,000 The income statement above contains errors. Prepare a corrected multi-step income statement. Curbstone Company Income Statement For the Year Ended August 31, 2018