Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,200; Cost of Goods Sold, $21,600; Income Tax Expense, $2,980; Interest Expense, $1,500; Interest Revenue, $180; General Expenses, $2,400; Net Sales, $36,200; and Delivery (freight-out) Expense, $280. 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 $ 36,200 Cost of Goods Sold 21,600 Gross Profit 14,600 Selling, General, and Administrative Expenses 2,200 x Delivery Expense 280 x Income from Operations 2,480 Interest Expense (1,500) Interest Revenue Income before Income Tax Expense Income Tax Expense Net Income > > 180 1,160 x 2,980