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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,600; Cost of Goods Sold, $18,360; Income Tax Expense, $2,680;

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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,600; Cost of Goods Sold, \$18,360; Income Tax Expense, \$2,680; Interest Expense, \$1,400; Interest Revenue, \$160; General Expenses, \$1,800; Net Sales, \$30,770; and Delivery (freight-out) Expense, \$220. Prepare a multistep income statement for distribution to external financial statement users

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