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# 8 CH 5 Fit - for - Life Foods reports the following income statement accounts for the year ended December 3 1 .

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#8 CH 5
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.
\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.
\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,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]
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