Question: I cant figure the rest out please help! :) 6 M6-13 Preparing a Multistep Income Statement [LO 6-6) Seltall Department Stores reported the following amounts
6 M6-13 Preparing a Multistep Income Statement [LO 6-6) Seltall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $2,900: Cost of Goods Sold, $25,380: Income Tax Expense, $3,310, Interest Expense, 51,700, Interest Revenue. $220, General Expenses. $3,100Net Sales Revenue, $42,535, and Delivery (freight-out) Expense. $350. 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 3 42,535 Cost of Goods Sold (25,380) Gross Profit 17,155 Operating Expenses (2.900) Delivery Expense ex (350) Income from Operations 10.805 Interest Revenue 220 interest Expense (1.700) Income before Income Tax Expense 9,325 (3.310) Income Tax Expense Net Income
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