Exercise 4-17 (Algo) 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 office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales staff wages $ 6,240 Depreciation expense-office copier $ 560 750 Sales discounts 15,700 1,270 Sales returns and allowances 4,000 227,000 TV advertising expense 3,800 33,000 Interest revenue 660 11,400 Cost of goods sold 91,000 23,800 Sales commission expense 13,200 Prepare a multiple-step income statement FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 0 0 0 Expenses Selling expenses Total selling expenses General and administrative expenses 0 FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 0 0 0 Expenses Selling expenses 0 Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses 0 0 0 Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses