Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment $ 6,250 Depreciation expense-Office copier 700 Sales discounts Office supplies expense Insurance expense Sales 1,300 Sales returns and allowances 220,000 TV advertising expense 32,500 Interest revenue Office salaries expense Rent expense-Selling space 10,000 Cost of goods sold Sales salaries expense 23,000 Sales commission expense 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 $ 500 16,000 4,000 2,000 750 90,000 13,000

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31 . Prepare a multiple-step income statement