FRT Corporation's accounting records includethe folowing items, listed in no particular order, at December 31, 2018: (Click the icon to view the data.) The income tax rate for FRT Corporation is 36% Prepare FRTs income statement for the year ended December 31, 2018. Omit earnings per share. Use the multi-step format. Prepare the income statement through the income before taxes, then complete the income statement through the net income. (Use parentheses or a minus sign to enter amounts for Other Expenses.) FRT Corporation Income Statement Year Ended December 31, 2018 6 Data Table Other Income and (Expenses) $ (8,000) Cost of Goods Sold 84,000 Net Sales 8,000 181,875 Operating Expenses Gain on Discontinued Operations 7,250 Income Before Income Taxes Net Income Print Done