#$8$ CH $5$

Fit$-$for$-$Life Foods reports the following income statement accounts for the year ended December $31.$

$\backslash$table$[[$Gain on sale of equipment,$$6,290$ Depreciation expense$-$Office copier,$$400],[$Office supplies expense,$660$ Sales discounts,$16,200],[$Insurance expense,$1,390$ Sales returns and allowances,$3,900],[$Sales$,212,000$ TV advertising expense,$2,100],[$Office salaries expense,$31,500$ Interest revenue,$600],[$Rent expense$-$Selling space,$10,500$ Cost of goods sold,$88,500],[$Sales salaries expense,$23,200$ Sales commission expense,$13,700]]$

Hint

Prepare a multiple$-$step income statement.

$\backslash$table$[[$FIT$-$FOR$-$LIFE FOODS,$],[$Income Statement,$],[,,],[,,],[,,],[,,],[$Expenses Ended December $31,,],[$Selling expenses,,$],[,,],[,,],[,,],[$Total expenses,,$],[,,],[$Total other revenues, gains, expenses and losses,,$],[$Teneral and administrative expenses,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$