1504, BE4-5 J. Depp Corporation had income before income taxes for 2007 of 57,300,000. In addition, it suf- ) fered an unusual and infrequent pretax loss of $770,000 from a volcano eruption. The corporation's tax The corporation had 5,000,000 shares of common stock outstanding during 2007. rate is 30%. Prepare a partial income statement for J. Depp beginning with income before income taxes