7 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. ats $ Gain on sale of equipment Office supplies expense Insurance expense Sales Office salaries expense Rent expense-selling space Sales staff wages $ 6,350 Depreciation expense-office copier 770 Sales discounts 1,240 Sales returns and allowances 215,000 TV advertising expense 31,500 Interest revenue 11, eee Cost of goods sold 23, eee Sales commission expense 680 15,700 4,000 2,180 600 88,180 13,000 eBook Hint Prepare a multiple-step income statement. Ask FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 eferences 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