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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 salaries expense Prepare a multiple-step income statement. $ 6,150 Depreciation expense-Office copier 740 Sales discounts 1,360 Sales returns and allowances 210,000 TV advertising expense 31,700 Interest revenue 10,900 Cost of goods sold 23,800 Sales commission expense 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 $ 540 15,600 4,100 2,300 620 90,900 13,200
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