3 years ago

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.

Business

1 answer:

Alenkinab [10]3 years ago

4 0

Answer: Check attachment

Explanation:

Note that, in the attachment, the total expense was calculated as the addition of the selling expense and the general and administrative expenses. This will be:

= $49700 + $34110

= $83810

Operating income was calculated as:

= Gross profit - Total expenses

= $107200 - $83810

= $23390

Check the attachment for further details.

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