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M6-13 (Static) Preparing a Multistep Income Statement [LO 6-6] Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400;
M6-13 (Static) Preparing a Multistep Income Statement [LO 6-6] Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,400; Cost of Goods Sold, \$22,728; Income Tax Expense, \$3,000; Interest Expense, \$1,600; Interest Revenue, \$200; General Expenses, \$2,600; Net Sales, \$37,880; and Delivery (freight-out) Expense, $300. Required: Prepare a multistep income statement for distribution to external financial statement users
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