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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,800; Cost of Goods Sold, $24,840; Income Tax Expense, $3,260;

Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,800; Cost of Goods Sold, $24,840; Income Tax Expense, $3,260; Interest Expense, $1,700; Interest Revenue, $220; General Expenses, $3,000; Net Sales, $41,630; and Delivery (freight-out) Expense, $340. Prepare a multistep income statement for distribution to external financial statement users.

Net Sales 41630
Costs of Good sold 24840
Gross Profit 16790
Selling, General, and administrative Expenses 6140
? ?
Income from operations ?
Interest Revenue 220
Interest expense 1700
Income before income tax expense ?
Income Tax expense 3260
? ?
Net Income ?

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