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	$	6,260		Depreciation expenseOffice copier	$	490
Office supplies expense		740		Sales discounts		16,600
Insurance expense		1,220		Sales returns and allowances		4,100
Sales		229,000		TV advertising expense		2,900
Office salaries expense		32,200		Interest revenue		710
Rent expenseSelling space		10,700		Cost of goods sold		91,300
Sales staff wages		23,400		Sales commission expense		12,000

Prepare a multiple-step income statement.

FIT-FOR-LIFE FOODS
Income Statement
For Year Ended December 31
Salesselected answer correct		$229,000selected answer correct
Less: Sales discountsselected answer correct	$16,600selected answer correct
Less: Sales returns and allowancesselected answer correct	4,100selected answer correct	20,700
Net salesselected answer correct		208,300
Cost of goods soldselected answer correct		91,300selected answer correct
Gross profitselected answer correct		117,000
Expenses
Selling expenses
Rent expenseSelling spaceselected answer correct	10,700selected answer correct
Sales staff wagesselected answer correct	23,400selected answer correct
TV advertising expenseselected answer correct	2,900selected answer correct
Sales commission expenseselected answer correct	12,000selected answer correct
not attempted	not attempted
not attempted	not attempted
Total selling expenses		49,000
General and administrative expenses
Office supplies expenseselected answer correct	740selected answer correct
Insurance expenseselected answer correct	1,220selected answer correct
Office salaries expenseselected answer correct	32,200selected answer correct
Depreciation expenseOffice copierselected answer correct	490selected answer correct
not attempted	not attempted
Total general and administrative expenses		34,650
Total expenses		83,650
not attempted		33,350
Other revenues, gains, expenses & losses
Gain on sale of equipmentselected answer correct	6,260selected answer correct
Interest revenueselected answer correct	710selected answer correct
not attempted	not attempted
Total other revenues, gains, expenses & losses		6,970
Net incomeselected answer correct		$76,680selected answer incorrect

Net income is incorrect pls help me find net income