E14-8 Beauvette Corporation's accounting records include the following for 20X3: Sales revenue. Operating expenses (including income tax) Cumulative effect of change in depreciation method (debit) Cost of goods sold.... Loss on discontinued operations... $410,000 Income tax expense- extraordinary gain $ 6,000 106,000 Income tax saving-change in depreciation method.. 3,000 (7.000) Income tax saving-loss 245.000 on discontinued operations 20.000 50,000 Extraordinary gain 15,000 Required Prepare a multi-step income statement for 20X3. Omit earnings per share. Was 20X3 a good year, a fair year, or a bad year for Beauvette Corporation? Explain your answer in terms of the outlook for 20X4.