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Saved Fil-for Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment $ 6,240 Depreciation expense-office
Saved Fil-for Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment $ 6,240 Depreciation expense-office copier $ 560 office supplies expense 750 Soles discounts 15,709 Insurance expense 1,270 Sales returns and allowances 4,000 Sales 227,000 TV advertising expense 3,800 Office salaries expense 33,000 Interest revenue 660 Rent expense-selling space 11,400 Cost of goods sold 91,800 Sales staff wages 23,800 Sales commission expense 13,200 Prepare a multiple-step income statement FIT FOR LIFE FOODS Income Statement For Year Ended December 31 0 0 0 Expenses Selling expenses Total selling expenses General and administrative expenses 0 Total general and administrative expenses D Proy 1 of 3
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