Question
A Bit of Fit operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for
A Bit of Fit operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its fiscal year ended November 30, 2019. Cost of Goods Sold $72,600 Depreciation Expense - Store Equipment $5,450 Gain on Sale of Equipment $4,590 Insurance Expense $11,000 Interest Expense $1,240 Office Salaries Expense $36,000 Office Supplies Expense $2,600 Sales Discounts $2,100 Sales Returns and Allowances $5,700 Sales Revenue $192,600 Sales Salaries Expense $38,800 Utilities Expense - Office $3,500 Utilities Expense - Retail $6,000 Required Help create a multi-step income statement. Do not enter dollar signs or commas in the input boxes. Enter all accounts under the appropriate section in alphabetical order. Do not use negative signs. A Bit of Fit Income Statement For the Year Ended November 30, 2019 Sales Revenue $Answer Less: Answer $Answer Answer $Answer Subtotal $Answer Net Sales $Answer Answer $Answer Gross Profit $Answer Operating Expenses Selling Expenses Answer $Answer Answer $Answer Answer $Answer Total Selling Expenses $Answer Administrative Expenses Answer $Answer Answer $Answer Answer $Answer Answer $Answer Total Administrative Expenses $Answer Total Operating Expenses $Answer Income from Operations $Answer Other Income and Expenses Answer $Answer Answer $Answer Total Other Income and Expenses
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