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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment $ 6,250 Depreciation expenseOffice copier $
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.
Gain on sale of equipment | $ | 6,250 | Depreciation expenseOffice copier | $ | 420 | |
Office supplies expense | 790 | Sales discounts | 15,200 | |||
Insurance expense | 1,240 | Sales returns and allowances | 3,900 | |||
Sales | 225,000 | TV advertising expense | 3,000 | |||
Office salaries expense | 32,100 | Interest revenue | 660 | |||
Rent expenseSelling space | 10,500 | Cost of goods sold | 88,800 | |||
Sales staff wages | 22,400 | Sales commission expense | 13,600 |
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 Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses
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