The ledger of Click 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 Click Supplies Inc.? Explain your answer in terms of the outlook for 2021 Accounting records - Sales revenue 395,000 19,500 Gain on discontinued operations Operating expenses (excluding income tax). Income tax expense, operating income 70.500 27,840 Other loss Cost of goods sold. Income tax expense, gain on discontinued operations 22,500 215,000 6,240 Print Done