Exercise 5-15 Preparing a multi-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 6,160 720 Depreciation expense-Office copier Sales discounts 470 16,300 Insurance expense 1,250 Sales returns and allowances 4,200 Sales 224,000 TV advertising expense 3,900 office salaries expense 31,400 Interest revenue 650 Rent expense-Selling space 10,800 Cost of goods sold 90,700 Sales staff wages 22,200 Sales commission expense 12,200 25 Prepare a multiple-step income statement. FIT FOR LIFF FOODS