Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,700, Cost of Goods Sold, $18,900, Income Tax Expense, $2,740, Interest Expense, $1,400; Interest Revenue, $160, General Expenses, $1,900; Net Sales, $31,675, and Delivery (freight-out) Expense, $230. Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement