Gain on sale of equipment$ $6,260$ Depreciation expense$-$Office copOffice supplies expense$740$ Sales discountsInsurance expense$1,220$ Sales returns and allowancesSales$229,000$ TV advertising expenseOffice salaries expense$32,200$Interest revenueRent expense$-$Selling space$10,700$ Cost of goods soldFit$-$for$-$Life Foods reports the following income statement accounts for the year endedDecember $31.$Required:Prepare a multiple$-$step income statement,

Fit$-$for$-$Life Foods reports the following income statement accounts for the year endedDecember $31.$Required:Prepare a multiple$-$step income statement.Fit$-$for$-$Life Foods reports the following income statement accounts for the year ended December $31.$ Required: Prepare a multiple$-$step income statement. Categorize the following accounts as selling expenses: Sales salaries expense, Rent expense $-$ Selling space, TV advertising expense and Sales commission expense. Categorize the remaining expenses as general and administrative. $($Click on the Graded Worksheet Tab below.$)4$Gain on sale of equipment$$6,2605$Office supplies expense$7406$Insurance expense$1,2207$Sales$229,0008$Office salaries expense$32,2009$Rent expense$-$Selling space$10,70010$Sales salaries expense$23,40011$Depreciation expense$-$Office copier$49012$Sales discounts$16,60013$Sales returns and allowances$4,10014$TV advertising expense$2,90015$Interest revenue$71016$Cost of goods sold$91,30017$Sales commission expense$12,000$