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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
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 Prepare a multiple-step income statement. $ 6,150 Depreciation expense-office copier 660 Sales discounts 1,360 Sales returns and allowances 219,000 TV advertising expense 32,000 Interest revenue 10,900 Cost of goods sold 23,900 Sales commission expense FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 $ 470 16,700 4,000 2,000 610 89,100 12,700 Expenses Selling expenses Total selling expenses
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