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Sellall Department Stores reported the following amounts as of its December 3 1 yearend: Administrative Expenses, $ 1 , 8 0 0 ; Cost of

Sellall Department Stores reported the following amounts as of its December 31 yearend: Administrative Expenses, $1,800; Cost of Goods Sold, $19,440; Income Tax Expense, $2,790; Interest Expense, $1,400; Interest Revenue, $160; General Expenses, $2,000; Net Sales, $32,580; and Delivery (freight-out) Expense, $240.
Prepare a multistep income statement for distribution to external financial statement users.
\table[[SELLALL DEPARTMENT STORES],[Income Statement,],[,],[,],[,],[,],[,],[,],[,],[,]]
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