XS 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 XS Rentals Ltd.'s multi-step income statement for the year ended December 31, 2020. Use a one-column format. Omit earnings per share. (Enter losses with a minus sign or parentheses.) XS Rentals Ltd. Income Statement For the Year Ended December 31, 2020 $ Net income Records $ 125,000 Other gains (losses) Cost of goods sold Gain on discontinued operations $ (19,500) Net sales revenue 41,000 Operating expenses 30,000 7,500 Accounts receivable 10,100 Print Done