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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 $ 6, 150 740 1, 360 210,000 31,700 10,900 23, 800 Depreciation expense-office copier Sales discounts Sales returns and allowances TV advertising expense Interest revenue Cost of goods sold Sales commission expense 540 15,600 4,100 2,300 620 90,900 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 Total general and administrative expenses Total expenses 0 Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses
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