Statement for distribution to external financial statement

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Reference no: EM13864820

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

Reference no: EM13864820

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