Sellall Department Stores reported the following amounts in


Question Description:

24.99

Sellall Department Stores reported the following amounts in itsadjusted trial balance prepared as of its December 31 year-end:Administrative Expenses, $3,100; Cost of Goods Sold, $26,460;Income Tax Expense, $3,420; Interest Expense, $1,700; InterestRevenue, $220; General Expenses, $3,300; Sales Revenue, $49,000;Sales Discounts, $2,450; Sales Returns and Allowances, $2,205; andDelivery (freight-out) Expense, $370. Prepare a multistep incomestatement for distribution to external financial statementusers

Answer

24.99