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Rent expense-Selling space Sales Office salaries expense Sales staff wages Prepare a multiple-step Income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31
Rent expense-Selling space Sales Office salaries expense Sales staff wages Prepare a multiple-step Income statement. 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. Gain on sale of equipment Office supplies expense Insurance expense $ 6,160 Depreciation expense-Office copier s 720 Sales discounts 1,250 Sales returns and allowances 224,000 TV advertising expense 470 16,300 4,200 3,900 31,400 Interest revenue 650 10,800 22,200 Cost of goods sold 90,700 Sales commission expense 12,200 Expenses Selling expenses 0 0
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