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Exercise 4-15 Preparing a multiple-step income statement LO P4 Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain
Exercise 4-15 Preparing a multiple-step income statement LO P4 Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment $ 6,340 Depreciation expense-Office copier $ 510 Office supplies expense 620 Sales discounts 15,300 Insurance expense 1,200 Sales returns and allowances 4,000 Sales 211,000 TV advertising expense 2,300 Office salaries expense 32,200 Interest revenue 730 Rent expense-Selling space 10,700 Cost of goods sold 88,800 Sales staff wages 22,300 Sales commission expense 12,400 Prepare a multiple-step income statement.
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