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Exercise 4-18 (Algo) Preparing a multiple-step income statement LO P4 Fit-for-Life Foods reports the following...

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Accounting

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 . Gain on sale of equipment Office supplies expense Insurance expense Sales office salaries expense Rent expense-selling space Sales salaries expense $6,340 Depreciation expense-office copier 740 Sales discounts 1,360 Sales returns and allowances 228,000TV advertising expense 31,100 Interest revenue 11,500 Cost of goods sold 22,400 Sales commission expense $400 15,700 4,200 3,100 710 90,300 12,100 Prepare a multiple-step income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 Expenses 11 of 12 Next

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