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Business, 27.03.2020 04:31 siniyalee30

Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $2,500; Cost of Goods Sold, $23,220; Income Tax Expense, $3,120; Interest Expense, $1,600; Interest Revenue, $200; General Expenses, $2,700; Net Sales Revenue, $38,915; and Delivery (freight-out) Expense, $310. Prepare a multistep income statement for distribution to external financial statement users.

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