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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
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 6,320 760 1,370 217,000 31,300 10,300 23,100 Depreciation expense-office copier Sales discounts Sales returns and allowances TV advertising expense Interest revenue Cost of goods sold Sales commission expense 480 15,700 3,900 2,200 600 89,000 13,000 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 Other revenues, gains, expenses & losses Total other revenues, gains expenses & losses
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