=+EX 17-24 Extraordinary item 806 Chapter 17 Financial Statement Analysis Brady, Inc., reports the following for 2010:

Income from continuing operations before income tax $500,000 Extraordinary property loss from hurricane $60,000*

Loss from discontinued operations $90,000*

Weighted average number of shares outstanding 40,000 Applicable tax rate 40%

*Net of any tax effect.

a. Prepare a partial income statement for Brady, Inc., beginning with income from continuing operations before income tax.