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Fit for life foods reports the following income statement

28/04/2021 Client: muhammad11 Deadline: 2 Day

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. Prepare a multiple-step income statement that includes separate categories for net sales; cost of goods sold; selling expenses; general and administrative expenses; and other revenues, gains, expenses, and losses. Categorize the following accounts as selling expenses: Sales Staff Wages, Rent Expense—Selling Space, TV Advertising Expense, and Sales Commission Expense.

Categorize the remaining expenses as general and administrative.

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