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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31 Gain on sale of equipment $6,190 Office supplies expense 700 Insurance expenses 1360 Depreciation expense-office copier 560 Sales discounts 16,900 Sales returns and allowances nsurance expense4100 Sales 227,000 Office salaries expense31,100 Rent expense-Selling space 12,000 Sales staff wages 23,800 TV advertising expense3500 Interest revenue 650 Cost of goods sold 88,700 Sales commission expense 13600 Prepare a multiple-step income statement
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31
Gain on sale of equipment $6,190
Office supplies expense 700
Insurance expenses 1360
Depreciation expense-office copier 560
Sales discounts 16,900
Sales returns and allowances nsurance expense4100
Sales 227,000
Office salaries expense31,100
Rent expense-Selling space 12,000
Sales staff wages 23,800
TV advertising expense3500
Interest revenue 650
Cost of goods sold 88,700
Sales commission expense 13600
Prepare a multiple-step income statement.
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