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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 Sales Office salaries expense Rent expense-selling space Sales staff wages 6,320 Depreciation expense-office copier $ 580 650 Sales discounts 15,400 1,230 Sales returns and allowances 4,000 219,000 TV advertising expense 3,200 31,800 Interest revenue 760 11,000 Cost of goods sold 91,900 23,200 Sales commission expense 13,700 Prepare a multiple-step income statement FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Sales $ 219,000 15,400 4,000 19,400 199,600 919.000 (719,400) Less: Sales discounts Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Expenses Selling expenses Rent expense-Selling space Sales staff wages TV advertising expense Sales commission expense 11.000 23,200 32.000 13,700 79,900 Total selling expenses General and administrative expenses Gross profit Expenses Selling expenses Rent expense-Selling space Sales staff wages TV advertising expense Sales commission expense 11,000 23,200 32,000 13,700 79,900 Total selling expenses General and administrative expenses Office supplies expense Insurance expense Office salaries expense Depreciation expense-Office copier 650 1,230 31,800 ho 34,260 114,160 (833,560) Total general and administrative expenses Total expenses Income from operations Other revenues, gains, expenses & losses Gain on sale of equipment interest revenue 6,320 6,320 Total other revenues, gains, expenses & losses Net income