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	$	6,290		Depreciation expenseOffice copier	$	550
Office supplies expense		770		Sales discounts		15,800
Insurance expense		1,250		Sales returns and allowances		4,000
Sales		219,000		TV advertising expense		4,000
Office salaries expense		31,200		Interest revenue		730
Rent expenseSelling space		10,300		Cost of goods sold		91,000
Sales staff wages		22,100		Sales commission expense		14,000

Prepare a multiple-step income statement.