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. 1.25 points 03:20:37 Gain on sale of equipment Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales staff wages $ 6,160 Depreciation expense-Office copier $ 470 720 Sales discounts 16,300 1,250 Sales returns and allowances 4,200 224,000 TV advertising expense 3,900 31,400 Interest revenue 650 10,800 Cost of goods sold 90,700 22,200 Sales commission expense 12,200 eBook Prepare a multiple-step income statement. Hint FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Print References 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