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6. For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial data shown below. Income before income taxes $523,800 Income tax

6.

For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial data shown below.

Income before income taxes $523,800
Income tax expense (20% $407,400) 81,480
Income from continuing operations 442,320
Loss on discontinued operations 116,400
Net income $325,920

The loss on discontinued operations was comprised of a $48,500 loss from operations and a $67,900 loss from disposal. The income tax rate is 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes.

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