2 3 4 LO Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Required: Prepare a multiple-step income statement. Categorize the following accounts as selling expenses: Sales salaries expense, Rent expense - Selling space, TV advertising expense and Sales commission expense. Categorize the remaining expenses as general and administrative. 8 Gain on sale of equipment Office supplies expense 5 6 Insurance expense 7 Sales Office salaries expense Rent expense-Selling space Sales salaries expense 9 10 11 Depreciation expense-Office copier 12 13 14 15 Interest revenue 16 Cost of goods sold 17 Sales commission expense 18 Sales discounts Sales returns and allowances TV advertising expense $6,250 700 1,300 220,000 32,500 10,000 23,000 500 16,000 4,000 2,000 750 90,000 13,000

Fit-for-Life.Foods reports the following income statement accounts for the year ended December 31. Required: Prepare a multiple-step income statement. Categorize the following accounts as selling expenses: Sales salaries expense, Rent expense - Selling space, TV advertising expense and Sales commission expense. Categorize the remaining expenses as general and administrative. Fit-for-Life foods reports the following income statement accounts for the year ended December 31 . Required: Prepare a multiple-step income statement. Categorize the following accounts as selling expenses: Sales salaries expense, Rent expense-Selling space, TV advertising expense and Sales commission expense, Categorize the remaining expenses as general and administrative