Sellall Department Stores reported the following amounts in its adjusted trial balance prepared 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; Sales Revenue, $35,000; Sales Discounts, $1,750; Sales Returns and Allowances, $1,575; and Delivery (freight-out) Expense, $230.

Prepare a multistep income statement for distribution to external financial statement users.