OULUNS 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 5 Expenses: Selling expenses Administrative expenses Delivery expense $800,000.00 6 575,000.00 7 425,000.00 3 Total expenses 1,800,000.00 (695 Sales 2 Cost of merchandise sold Tor=&inprogress=false $8,595,000.00 6,110,000.00 $2,485,000.00 3 Income from operations Expenses Selling expenses Administrative expenses Delivery expense 6 2 $800,000.00 575,000.00 425,000.00 . Total expenses 9 1,800,000.00 10 Other expense: 5685,000.00 11 Interest revenue 12 Gross profit 45,000.00 $640,000.00 Identify the errors by preparing a corrected multiple-step income statement. Be sure to complete the statement heading, Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. A colon () will automatically appear it is required