FIRST HALF

Bottom half

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