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Saved Exam II 20 Fit-for-Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment $ 6,320

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Saved Exam II 20 Fit-for-Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment $ 6,320 Depreciation expense-Office copier $ 580 Office supplies expense 650 Sales discounts 15,400 Insurance expense 1,230 Sales returns and allowances 4,000 Sales 219,000 TV advertising expense 3,200 Office salaries expense 31,800 Interest revenue 760 Rent expense-Selling space 11,000 Cost of goods sold 91,900 Sales salaries expense 23,200 Sales commission expense 13,700 Prepare a multiple-step income statement 8 01:58:14 FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Soling expenses Total selling expenses General and administrative expenses Exam II Expenses Selling expenses 20 23 01:57:55 Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses

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