The Banks Corporation sold its credit subsidiary on December 31 of the current year at a gain of $237. 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. E:A (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 Banks 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, SX.XX. Use parentheses or a Banks Corporation Statement of Net Income For the Year Ended December 31 Less: Data table The Banks Corporation sold its credit subsidiary on December 31 of the current year at a gain of $237. 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 icen to view the corporation's income statement before removing the discontiaued subsidiary and before the inclusion of the gan on the sale of the subsidiary.) Prepare Banks Corporation's statement of net income for the current year reflecting the discontinued subsidiary, assuming that it met all of the necessary condtions to be reported as a discontinued operation. The discontinued subsidiary accounted for 20% of revenues and 15% of all operating expenses (Use the condensed, mulli-step income statement format and assume the company is subject to a 40% income tax rate, Round your answers to the Banks Corporation Statement of Net Income For the Year Ended December 31 Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Depreciation and Amortization Expense Income before Tax Income Tax Expense (at 40% ) Net income \begin{tabular}{rr} $ & 10,000 \\ \hline 5 & 6,700 \\ \hline 3,300 \end{tabular} 700 \begin{tabular}{rr} & 950 \\ \hline$ & 1,650 \\ & 660 \\ \hline 5 & 990 \\ \hline \end{tabular} Banks Corporation Statement of Net income For the Year Ended December 31 Less: Net income