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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, $3,000; Cost of Goods

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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, $3,000; Cost of Goods Sold, $25,920; Income Tax Expense, $3,370; Interest Expense, $1,700; mterest Revenue, $220; General Expenses, $3,200; Net Sales Revenue, $43,440; and Delivery (freight-out) Expense, $360 Prepare a multistep income statement for distribution to external financial statement users. SELLALL DEPARTMENT STORES Income Statement At December 31 aces

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