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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 Office supplies expense Insurance expense Sales

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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 Office supplies expense Insurance expense Sales Office salaries expense Rent expense-selling space Sales staff wages $ $ 6,250 Depreciation expense-office copier 700 Sales discounts 1,300 Sales returns and allowances 220,000 TV advertising expense 32,500 Interest revenue 10,000 Cost of goods sold 23,000 Sales commission expense $ 500 16,000 4,000 2,000 750 90,000 13,000 Prepare a multiple step income statement. p #5 Saved H FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 0 0 0 ces Expenses Selling expenses 0 Total selling expenses General and administrative expenses 0 Total selling expenses General and administrative expenses 0 Total general and administrative expenses Total expenses 0 0 Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses 0

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