Instructions Labels and Amount Descriptions Income Statement - Instructions Income Statement The following income statement contains errors. 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 (1) 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 For the Year Ended August 31, 2019 Sales $8,595,000.00 Curbstone Company Income Statement Cost of merchandise sold 6,110,000.00 (Label) Income from operations $2,485,000.00 Expenses: Selling expenses $800,000.00 Administrative expenses 575,000.00 (Label) Delivery expense 425,000.00 Total Expenses 1,800,000.00 $685,000.00 Other expense: Interest revenue 45,000.00 Gross profit $640,000.00 10 (Label)