The ledger of Centre Supplies Inc. contains the following information for operations for the year ended September 30, 2020. (Click the icon to view the accounting records.) Required 1. Prepare a multiple-step income statement for the year ended September 30, 2020. Omit earnings per share. 2. Was 2020 a good year or a bad year for Centre Supplies Inc.? Explain your answer in terms of the outlook for 2021. Requirement 1. Prepare a multiple-step income statement for the year ended September 30, 2020. Omit earnings per share. (Use parentheses or a minus sig for any losses.) Centre Supplies Inc. Income Statement For the Year Ended September 30, 2020 nc. contains the following information for operations for the year ended September 30, 2020. e accounting records.) Accounting records Sales revenue...... Gain on discontinued operations... Operating expenses (excluding income tax). Income tax expense, operating income.. Other loss... Cost of goods sold. Income tax expense, gain on discontinued operations Print Done Calculator Ask my instructor - X $ 355,000 17,500 ntheses 71,000 18,150 23,500 200,000 5,250