Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $1,900; Cost of Goods Sold, $19,980; Income Tax Expense, $2,820; Interest Expense, $1,500; Interest Revenue, $180; General Expenses, $2,100; Net Sales, $33,485; and Delivery (freight-out) Expense, $250. Prepare a multistep income statement for distribution to external financial statement users. Answer is not complete. SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31 Net Sales $ 33,485 Cost of Goods Sold 19,980 Gross Profit 13,505 Interest Expense 1,500 x Interest Revenue 180 x Income from Operations 9,255 Other Operating Expenses 4,250x Income Tax Expense 2,820 x Income before Income Tax Expense 7,935