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Im just a little confused on this adn would like for someone to better explain it please and thank you! Sellall Department Stores reported the

Im just a little confused on this adn would like for someone to better explain it please and thank you! image text in transcribed

Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $2,700; Cost of Goods Sold, $24,300; Income Tax Expense, $3,230; Interest Expense, $1,600; Interest Revenue, $200; General Expenses, $2,900; Net Sales Revenue, $40,725, and Delivery (freight-out) Expense, $330. Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31

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