The ledger of Snap 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 Snap 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 Snap Supplies Inc. Income Statement For the Year Ended September 30, 2020 Sales revenue Cost of goods sold Gross margin Operating expenses Operating income Other income (loss) $ 375,000 (205,000) 170 000 (70,500) 99.500 (25,000)