Multiple-Step Income Statement Instructions Labels and Amount Descriptions Income Statement Instructions The following income statement contains errors. Curbstone Company Income Statement For the Year Ended August 31, 2015 1 Sales $8,595,000.00 2 Cost of merchandise sold 6,110,000.00 3 Income from operations $2,485,000.00 + Expenses 5 Selling expenses $800,000.00 5 Administrative expenses 575.000.00 7 Delivery expense 425.000.00 $ Total expenses 1.800,000.00 $685.000.00 10 Other expense: 11 Interest revenue 45.000.00 12 Gross profit $640,000.00 de My Work Labels and Amount Descriptions Labels August 31, 2045 For the Year Ended August 31, 2045 Expenses Other expense Other revenue Amount Descriptions Gross profit Income from operations Net income Net loss Total assets Total liabilities Total expenses Total owner's equity