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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, $1,400; Cost of Goods

Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $1,400; Cost of Goods Sold, $17,280; Income Tax Expense, $2,570; Interest Expense, $1,400; Interest Revenue, $160; General Expenses, $1,600; Net Sales Revenue, $28,960; and Delivery (freight-out) Expense, $200. Prepare a multistep income statement for distribution to external financial statement users.

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