Exercise 5-15 Preparing a multi-step income statement LO P4Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.$ 6,150$Depreciation expense-Office copierSales discounts.Gain on sale of equipmentOffice supplies expenseInsurance expenseSales7401,360210,00054015,6004,100Sales returns and allowancesTV advertising expense2,300620Office salaries expenseRent expense-Selling spaceSales staff wages31,700 Interest revenue10,900 Cost of goods sold90,90023,800 Sales commission expense13,200Prepare a multiple-step income statement.FIT-FOR-LIFE FOODSIncome StatementFor Year Ended December 31
