Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Gain on sale of equipment $ 6,150 Depreciation expense-Office copier $ 540 Office supplies expense 740 Sales discounts 15,600 Insurance expense 1,360 Sales returns and allowances 4,100 Sales 210,000 TV advertising expense 2,300 Office salaries expense 31,700 Interest revenue 620 Rent expense-selling space 10,900 Cost of goods sold 90,900 Sales staff wages 23,800 Sales commission expense 13,200 Prepare a multiple-step income statement FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Selling expenses Total selling expenses General and administrative expenses Help Santa Fe Retailing purchased merchandise from Mesa Wholesalers with credit terms of 3/10, 1/60 and an invoice price of $25,200. The merchandise had cost Mesa $17,186. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyer records for the (a) purchase. (b) cash payment within the discount period, and (c) cash payment after the discount period 2. Prepare entries that the seller records for the (a) sale (0) cash collection within the discount period, and (c) cash collection after the discount period Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare entries that the buyer records for the (~) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period View transaction list Journal entry worksheet