Brief Exercise 13-2 An inexperienced accountant for Fielder Corporation showed the following in Fielders 2014 income statement: Income before income taxes $447,700; Income tax expense $71,400; Extraordinary loss from flood (before taxes) $85,600; and Net income $174,800. The extraordinary loss and taxable income are both subject to a 27% tax rate. Prepare a corrected income statement beginning with Income before income taxes. FIELDER CORPORATION Income Statement (Partial) Income before Income Taxes $