Preparing a multiple$-$step income statement

P$4$

Fit$-$for$-$Life Foods reports the following income statement accounts for the year ended December $31.$ Prepare a multiple$-$step income statement that includes separate categories for net sales; cost of goods sold; selling expenses; general and administrative expenses; and other revenues, gains, expenses, and losses. 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.