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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
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 salaries expense Prepare a multiple-step Income statement. $ 6,260 Depreciation expense-Office copier 740 Sales discounts 1,220 Sales returns and allowances 229,000 TV advertising expense 32,200 Interest revenue 10,700 Cost of goods sold 23,400 Sales commission expense $ 490 16,600 4,100 2,900 710 91,300 12,000 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 0 0 0 0 0 0 0 0
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