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Exercise 4-15 Preparing a multiple-step income statement LO P4 Fit-for-Life Foods reports the following income...

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Exercise 4-15 Preparing a multiple-step income statement LO P4 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 Sales Office salaries expense Rent expense-Selling space Sales staff wages $ 6,290 Depreciation expense-Office copiers 550 750 sales discounts 15,000 1,210 Sales returns and allowances 4,100 215,000 TV advertising expense 4,000 31,500 Interest revenue 790 11,300 Cont of goods sold 91,900 22,300 Sales commission expense 12,300 Prepare a multiple-step income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 0 0 Expenses Selling expenses 0 Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses D 0 Other revenues gains, expenses &losses D Total other revenues, ains, expenses & les

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