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Fit-for-Life Foods reports the following income statement accounts...

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.

 

       Gain on sale of equipment$6,250 Depreciation expense—Office copier$420Office supplies expense 790 Sales discounts 15,200Insurance expense 1,240 Sales returns and allowances 3,900Sales 225,000 TV advertising expense 3,000Office salaries expense 32,100 Interest revenue 660Rent expense—Selling space 10,500 Cost of goods sold 88,800Sales staff wages 22,400 Sales commission expense 13,600

  

multiple-step income statement.

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