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Bookmarks M6-13 Preparing a Multistep Income Statement [LO 6-5] Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $1,600; Cost of Goods Sold, $18,360; Income Tax Expense, $2,680; Interest Expense, $1,400; Interest Revenue, $160; General Expenses, $1,800; Sales Revenue, $34,000: Sales Discounts, $1,700; Sales Returns and Allowances, $1,530; and Delivery (freight- out) Expense, $220. Prepare a multistep income statement for distribution to external financial statement users Answer is not complete. SELLALL DEPARTMENT STORES Income Statement For the Year Ended December 31 Net Sales Cost of Goods Sold Gross Profit Operating Expenses S 30.770 18,360 12,410 Income from Operations 12,410 Income before Income Tax Expense Interest Revenue Income Tax Expense Net Income 12,410 (2,680) 9,730 $