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Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses,...

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Accounting

Sellall Department Stores reported the following amounts as of its December 31 year-end: Administrative Expenses, $2,000; Cost of Goods Sold, $20,520; Income Tax Expense, $2,870; Interest Expense, $1,500; Interest Revenue, $180; General Expenses, $2,200; Net Sales, $34,390; and Delivery (freight-out) Expense, $260.
Prepare a multistep income statement for distribution to external financial statement users.
Answer is complete but not entirely correct.
SELLALL DEPARTMENT STORES Income Statement
For the Year Ended December 31
\table[[Net Sales,2,34,390vv
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