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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,500; Cost of Goods Sold, $17,820; Income Tax Expense, $2,630;

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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,500; Cost of Goods Sold, \$17,820; Income Tax Expense, \$2,630; Interest Expense, \$1,400; Interest Revenue, \$160; General Expenses, \$1,700; Net Sales, $29,865; and Delivery (freight-out) Expense, $210. Prepare a multistep income statement for distribution to external financial statement users

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