Saved $ Gain on sale of equipment Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales staff wages 6,280 Depreciation expense-office copier 780 Sales discounts 1,370 Sales returns and allowances 224,000 TV advertising expense 31,300 Interest revenue 10,200 Cost of goods sold 22,000 Sales commission expense $ 410 16,700 3,900 2,700 610 88,200 12,700 Prepare a multiple-step income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Selling expenses 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