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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. 1,370 Sales returns and Gain on sale of Depreciation expense- $
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. 1,370 Sales returns and Gain on sale of Depreciation expense- $ e 6,280 office copier $ 410 10 equipment Office supplies expense 780 Sales discounts 16,700 Insurance expense 3,900 allowances Sales 224,000 TV advertising expense 2,700 Office salaries expense 31,300 Interest revenue 610 Rent expense-Selling 10,200 Cost of goods sold 88,200 space Sales staff wages 22,000 Sales commission expense 12,700 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 = III Total general and administrative expenses Total expenses Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses
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