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

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 $Answer

Net Income $Answer