Exercise 4-17 (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 Office supplies expense Insurance expense Sales office salaries expense Rent expense-Selling space Sales staff wages $ 6,220 760 1,330 229,000 31,200 10,300 22,800 Depreciation expense-office copier $ 550 Sales discounts 16,500 Sales returns and allowances 4,100 TV advertising expense 2,000 Interest revenue 640 Cost of goods sold 89,800 Sales commission expense 12,400 Prepare a multiple-step income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses Selling expenses 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