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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Prepare a multiple-step income statement ales ess Sales discounts FIT-FOR-LIFE FOODS
ales ess Sales discounts FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 s Add Sales returns and allowances et Income Cost ot goods sold Gross pront Expenses Selling expenses Office supplies expense insurance expense Office salaries expense Rent expenseSelling space Sales salanes expenses Depreciation expenseomce copier Total selling expenses General and adrnmstratve expenses TV advertising expense Sales commission expense Total general and administrative expenses Total expenses s 16.900 700 1.360 311100 12000 2300 560 3300 13000 227,000 21 000 206000 88,700 117.300 69.520 17,100 86/520
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