The following list of items was extracted from December 31, 2020, trial balance of Grid Inc.

Question 6 - 20 Minutes - 15 Marks The following list of items was extracted from December 31, 2020, trial balance of Grid Inc. Debit Credit Accounts payable 8,200.00 Warranty expense 4,000.00 Building 50,000.00 Income tax expense 3,400.00 Warranty payable 1,500.00 Accum. Depreciation - building 21,000.00 Sales 47,000.00 Loss on sale of Division D (net of $1,200 benefit ) 18,000.00 Cost of goods sold 31,000.00 Gain on sale of equipment 5,000.00 Gain from operating division D (net of $500 tax) 6,800.00 Depreciation expense 5,600.00 Accounts receivable 12,000.00 Land 33,500.00 Require: Prepare the company's multi-step income statement for 2020 to calculate profit/loss from continuing and discontinued operations. You do not need to complete the earnings per share calculations