Prepare a multiple-step income statement. Exercise 4-15 Preparing a multiple-step income statement LO P4 FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Fit-for-life Foods reports the following income statement accounts for the year ended December 31. Expenses Selling expenses Gain on sale of equipment Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales staff wages $ 6,150 Depreciation expense-Office copier $ 540 740 Sales discounts 15,600 1,360 Sales returns and allowances 4,100 210,000 TV advertising expense 2,300 31,700 Interest revenue 620 10,900 Cost of goods sold 90,900 23,800 Sales commission expense 13,200 Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses Prepare a multiple-step income statement. Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses