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Exercise 5-15 Preparing a multi-step income statement LO P4 Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on

Exercise 5-15 Preparing a multi-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 $ 6,320 Depreciation expenseOffice copier $ 580 Office supplies expense 650 Sales discounts 15,400 Insurance expense 1,230 Sales returns and allowances 4,000 Sales 219,000 TV advertising expense 3,200 Office salaries expense 31,800 Interest revenue 760 Rent expenseSelling space 11,000 Cost of goods sold 91,900 Sales staff wages 23,200 Sales commission expense 13,700 Prepare a multiple-step income statement.

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