Bartelmann Corporation Statement of Net Income For the Year Ended December 31 Sales $ 14,000 Cost of Goods Sold 7,000 Gross Profit $ 7,000 Selling, General, and Administrative Expenses 640 Depreciation and Amortization Expense 900 Income before Tax $ 5,460 Income Tax Expense (at 40%) 2,184 Net Income $ 3,276 The Bartelmann Corporation sold its credit subsidiary on December 31 of the current year at a gain of $160. See below for the corporation's income statement before removing the discontinued subsidiary and before the inclusion of the gain on the sale of the subsidiary. (Click the icon to view the corporation's income statement before removing the discontinued subsidiary and before the inclusion of the gain on the sale of the subsidiary.) Prepare Bartelmann Corporation's statement of net income for the current year reflecting the discontinued subsidiary, assuming that it met all of the necessary conditions to be reported as a discontinued operation. The discontinued subsidiary accounted for 20% of revenues and 15% of all operating expenses. (Use the condensed, multi-step income statement format and assume the company is subject to a 40% income tax rate. Round your answers to the nearest cent, $X.XX. Use parentheses or a minus sign to enter any loss amount.) Sales Less: Cost of Goods Sold Gross Profit Operating Expenses: Bartelmann Corporation Statement of Net Income For the Year Ended December 31 $ 11,200.00 -5600 5600 Selling, General and Administrative Expenses $ Income Tax Expense Depreciation and Amortization Expense Total Operating Expenses Income From Continuing Operations Before Tax Income From Continuing Operations Discontinued Operations Income From Operations of Discontinued Segment, Net of Tax Gain on Disposal of Discontinued Segment, Net of Tax 544.00 765.00 1,309.00 4291 -1716.4 2574.6 701.4 96.00 $ 3,372.00 Net Income