The Borrelli Corporation sold its credit subsidiary on December 31 of the current year at a gain of $160. See below for the corporation's i come statement before emoving the discontinued subsidiary and before the inclusion of the gain on the sale of the subsidiary. Prepare Borrelli Corporations statement of net income for the current year reflecting the discontinued subsidiary, assuming that it met a of the necessary conditions to be reported as a disconti 20% of revenues and 15% of al operating expenses.(Use the condensed, multi-step income statement format and assume the ed operation. The dscontinued subsidiary accounted for company is subject to a 40% income tax rate. Round your answers to the nearest cent, $x.xx. Use parentheses or a minus EEB (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 subsidlary.) sign to enter any loss amount.) Borrelli Corporation Statement of Net Income For the Year Ended December 31 Data Table Borrelli Less: Statement of Net Income For the Year Ended December 31 Sales S 18,000 6,300 $ 11,700 620 940 10,140 4,056 6,084 Cost of Services Provided Gross Profit Selling, General, and Administrative Expenses Depreciation and Amortization Expense Income Before Tax Income Tax Expense (at 40%) Net Income Print Done Net Income