TS Rentals Ltd's accounting records include the following items listed in no particular order, at December 31, 2020 (Click the icon to view the data.) Income tax of 40 percent applies to all items. Prepare TS Rentals Ltd.'s multi-step income statement for the year ended December 31, 2020. Use a one-column format. Omit earnings per share. Prepare TS Rentals Lid's multi-step income statement for the year ended December 31, 2020. Use a one-column format. Omit earnings per share, TS Rentals Ltd. Income Statement For the Year Ended December 31, 2020 X - i Records $ 145,000 Other gains (losses) Cost of goods sold Gain on discontinued operations $ (16,500) Net sales revenue 44,000 Operating expenses 44,000 7,600 Accounts receivable 9,500 Print Done