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 Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales salaries expense Prepare a multiple-step income statement. $ 6,230 Depreciation expense-office copier 640 Sales discounts 1,380 Sales returns and allowances 218,000 TV advertising expense 31,300 Interest revenue 10,500 Cost of goods sold 23,700 Sales commission expense FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 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 0 0 0 0 0 0 $ 500 15,200 3,900 3,000 678 89,900 13,400