The ledger of Tuff 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 Tuff Supplies Inc.? Explain your answer in terms of the outlook for 2021. ho $ GA 375,000 121.000 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 72,000 18,900 25.000 215,000 6,300