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 Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales staff wages Prepare a multiple-step income statement. $ 6,150 740 Depreciation expense-Office copier Sales discounts $ 540 15,600 31,700 1,360 210,000 Sales returns and allowances TV advertising expense Interest revenue 10,900 Cost of goods sold 23,800 Sales commission expense 4,100 2,300 620 90,900 13,200 Prepare a multiple-step Income statement Expenses Selling expenses FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses