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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 $ 6,280 Depreciation expense-Office copier Office
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment $ 6,280 Depreciation expense-Office copier Office supplies expense 780 Sales discounts Insurance expense 1,370 Sales returns and allowances Sales 224,000 TV advertising expense Office salaries expense 31,300 Interest revenue Rent expense-Selling space 10,200 Cost of goods sold Sales staff wages 22,000 Sales commission expense Prepare a multiple-step income statement. $ 410 16,700 3,900 2,700 610 88,200 12,700 FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Selling expenses 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
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