The following information for a Nice and Clean Corporation for the year ended December 31, 2020 is given to you. $240,000 $96,000 $120,000 $8,000 Sales Operating expenses Cost of Goods sold Restructuring expenses Income from operations of discontinued segment $40,000 Taxes on income from discontinued segment Taxes on continuing operations Number of Outstanding shares $10,000 $12,000 40,000 What is the net income or loss to be reported by the company for the year 2020?