how is the income before income tax expense calculated?

Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses. $2,600. Cost of Goods Sold, $23.760; Income Tax Expense, $3,170; Interest Expense, $1,600; Interest Revenue, $200: General Expenses. $2,800; Net Sales Revenue, $39,820; and Delivery (freight-out) Expense, $320. Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $2,600; Cost of Goods Sold, $23,760; Income Tax Expense, $3,170; Interest Expense. $1,600; Interest Revenue, $200; General Expenses, $2,800; Net Sales Revenue, $39,820; and Delivery (freight out) Expense, $320. Prepare a multistep income statement for distribution to external financial statement users. Answer is complete and correct. SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31 Net Sales Cost of Goods Sold Gross Profit Operating Expenses s OOOO 39,820 (23.760) 16,060 5.720 oooo V Income from Operations Interest Expense Interest Revenue Income before Income Tax Expense Income Tax Expense OOO 10.340 (1.600) 200 8 940 3.170 Net Income 5.770