Data table Baumann Corporation Statement of Net Income For the Year Ended December 31 Sales $ 30,000 Cost of Services Provided 7,100 Gross Profit $ 22,900 Exp Selling, General, and Administrative Expenses 740 Depreciation and Amortization Expense 940 se Be Income Before Tax Income Tax Expense (at 40%) Net Income $ 21,220 8,488 $ 12,732 S tinue Segm Print Done - X The Baumann Corporation sold its credit subsidiary on December 31 of the current year at a gain of $200. 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.) Sales Less Cost of Services Provided Gross Profit For the Year Ended December 31 24,000 (6035) 17,965 Operating Expenses: Selling, General and Administrative Expenses 629 Depreciation and Amortization Expense 799 1428 16,537 Total Operating Expenses Income From Continuing Operations Before Tax Income Tax Expense Income From Continuing Operations Discontinued Operations Income From Operations of Discontinued Segment, Net of Tax Gain on Disposal of Discontinued Segment, Net of Tax Net Income www Prepare Baumann Corporations 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.)