The Tamer Tire Company provided the following partial trial balance for the current year ended December 31. The company is subject to a 40% income tax rate. (Click the icon to view the trial balance.) Requirement Prepare a condensed, multiple-step income statement with all supporting schedules. Trial balance -X X Prepare Tamer's condensed, multiple-step income statement. Supporting disclosures will be completed in the next step(List the sub from discontinued operations.) minus sign to enter oth Tamer Tire Company Credit 320,000 (64,000) 256,000 $ 320,000 12.000 8,000 36.000 Tamer Tire Company Statement of Net Income For the Year Ended December 31 Sales Less: Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses General and Administrative Expenses Total Operating Expenses Operating Income Other Revenues/Gains and Expenses Losses Income From Continuing Operations Before Tax Income Tax Expense Income From Continuing Operations Discontinued Operations 32,000 3.400 46,000 Trial Balance (Selected Accounts) For the Year Ended December 31 Account Debit Dividends $ s 2,300 Sales Interest Income Dividend Income Gain on Flood Damage Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Cost of Goods Sold 64,000 Office Supplies Expense 5,000 Advertising Expense 10,000 Office Salaries Expense 14,000 Seling Expenses 36,000 Accounting and Legal Fees-General 3,500 Sales Salaries Expense 7,000 Systems Consulting Fees-General 2,000 Depreciation Expense-General 18,000 Amortization Expense-General 11,000 Loss on Discontinued Operations-Net of Tax Net Income Now complete the supporting disclosures for the current year. (List the disclosures in the order they are presented on the condens 4,500 Tamer Tire Company Footnote to Support Condensed Income Statement Line Items For the Year Ended December 31 Seling Expenses Selling Expenses Sales Salaries Expense Interest Expense Loss on Asset Impairment Loss on Discontinued Operations-Before Tax Unreaized Loss on Available-for-Sale Bonds - 12,500 20,000 5,600 Advertising Expense Print Done | Total Seling Expenses