(a) Prepare a correct statement of comprehensive income beginning with income before income taxes.
Partial Statement of Comprehensive Income
Income before income taxes	540,000
Income tax expense ($540,000 X 20%)	(108,000)
Net Income	432,000
Discontinued Operations
Loss from operations, net of $10,000, income tax savings ($50,000 X 20%)	(120,000)
Loss on Disposal, net of $14,000, income tax savings ($70,000 X 20%)	$_______
Net Income	$_______
(b) Explain why the income statement data are misleading