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. $ 6,320 Depreciation expense-Office copier Gain on sale of equipment Office supplies expense Insurance expense 760 Sales Office salaries expense Rent expense-Selling space Sales salaries expense Prepare a multiple-step income statement. Sales discounts 1,370 Sales returns and allowances 217,000 TV advertising expense 31,300 Interest revenue 10,300 Cost of goods sold 23,100 Sales commission expense $ 480 15,700 3,900 2,200 600 89,000 13,000

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 . Prepare a multiple-step income statement. 11 FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 8.33 points