Everything completed so far is correct. Operating expense is not an option.

Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $3,000, Cost of Goods Sold, $25,920 Income Tax Expense, $3,370, Interest Expense, $1700; Interest Revenue, $220; General Expenses, $3 200. Net Sales. $43.440; and Delivery (freight-out) Expense, $360 Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31 Net Sales $ Cost of Goods Sold Gross Profit 43,440 (25,920) 17,520 6,560 Selling, General, and Administrative Expenses 220 1,700 Interest Revenue Interest Expense Income before Income Tax Expense Income Tax Expense 9,480 3,370 Net Income $ 6,110