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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
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; Net Sales Revenue, $31,675; and Delivery (freight-out) Expense, $230. Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement
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