LLRC-Library Home-San... Student Web Services at S... Web Slice Gallery eBook Calculator Multiple-Step Income Statement Curbstone Company Income Statement For the Year Ended August 31, 2018 Sales Cost of goods sold Income from operations Expenses: $8,595,000 6,110,000 $2,485,000 Selling expenses Administrative expenses Delivery expense $800,000 575,000 $425,000 Total expenses 1,800,000 $685,000 Other expense: Interest revenue 45,000 Gross profit $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