Score: 0 of 1 pt EF13-34 (similar to) Arizona Photographic Supplies, Inc.'s accounting records include the following for 2024 (Click the icon to view the data.) Assume Arizona's income tax rate is 21% Prepare Arizona's multi-step income statement for the year ending December 31, 2024. Omit eamin Arizona Photographic Supplies, Inc. Income Statement 5 of 8 (3 complete) HW Score: 3 Qu Data Table Year Ended December 31, 2024 Loss on Discontinued Operations $ 24,000 Net Sales S 515,000 Net Sales 515,000 Cost of Goods Sold 210,000 Operating Expenses 155,000 Cost of Goods Sold 210,000 Gross Profit 305,000 Print Done Operating Expenses 155,000 Operating Income 150,000 31,500 Income Tax Expense Income from Continuing Operations 118,500 Discontinued Operations (less applicable tax saving of $6,040) 18.900 99.540 Net Income