9 - Homework: Chapter 18 Question 2 of 10 3//4.5 For its fiscal year ending October 31, 2022, Vaughn Corporation reports the following partial data. Income before income taxes Income tax expense (25%xx$458,000) Income from continuing operations Loss on discontinued operations Net income $580,000 [114","500],[465","500],[122","000],[$343.500] The loss on discontinued operations was comprised of a $51,000 loss from operations and a $71,000 loss from disposal. The income tax rate is 25% on all items. (a) Prepare a correct partial income statement, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)