Sellall Department Stores reported the following amounts as of its December $31$ year$-$end: Administrative Expenses, $$2,000$; Cost of Goods Sold, $$20,520$; Income Tax Expense, $$2,870$; Interest Expense, $$1,500$; Interest Revenue, $$180$; General Expenses, $$2,200$; Net Sales, $$34,390$; and Delivery $($freight$-$out$)$ Expense, $$260.$

Prepare a multistep income statement for distribution to external financial statement users.

Answer is complete but not entirely correct.

SELLALL DEPARTMENT STORES Income Statement

For the Year Ended December $31$

$\backslash$table$[[$Net Sales,$2,34,390vv$