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Sellall Department Stores reported the following amounts as of its December 3 1 year - end: Administrative Expenses, $ 1 , 7 0 0 ;

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, $230.
Prepare a multistep income statement for distribution to external financial statement users.
\table[[SELLALL DEPARTMENT STORES],[Income Statement],[For the Year Ended December 31,],[Cost of Goods Sold,$
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