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Exercise 4-18 (Algo) Preparing a multiple-step income statement LO P4 Fit-for-Life Foods reports the following...

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Accounting

Exercise 4-18 (Algo) 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 ",$6","340" Depreciation expense-office copier "],[" Office supplies expense ",740" Sales discounts "],[" Insurance expense ",1","360" Sales returns and allowances "],[" Sales ",228","000" TV advertising expense "],[" Office salaries expense ",31","100" Interest revenue "],[" Rent expense-Selling space ",11","500" Cost of goods sold "],[" Sales salaries expense ",22","400" Sales commission expense "]:} Prepare a multiple-step income statement. 11 of 12

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