Assignment print view 5555x

5/27/20215.Assignment Print ViewAward: 10 out of 10.00 pointsFit-for-Life Foods reports the following income statement accounts for the year ended December 31.Gain on sale of equipmentOffice supplies expenseInsurance expenseSalesOffice salaries expenseRent expense—Selling spaceSales staff wages$6,2507901,240225,00032,10010,50022,400Depreciation expense—Office copierSales discountsSales returns and allowancesTV advertising expenseInterest revenueCost of goods soldSales commission expense$42015,2003,9003,00066088,80013,600Prepare a multiple-step income statement.…2/55/27/2021Assignment Print ViewFIT-FOR-LIFE FOODSIncome StatementFor Year Ended December 31SalesLess: Sales returns and allowancesLess: Sales discountsNet sales205,900Cost of goods sold88,800117,100Gross profit$$3,90015,200225,00019,100ExpensesSelling expensesSales staff wages22,400Rent expense—Selling space10,500? … Purchase document to see full attachment

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