CALCULATOR FULL SCREEN Exercise 13-01 Your answer is partially correct. Try again. For its fiscal year ending October 31, 2022, Grouper Corp. reports the following partial data shown below. Income before income taxes Income tax expense (20% * $361,200) Income from continuing operations Loss on discontinued operations Net income $464,400 72,240 392,160 103,200 $288,960 The loss on discontinued operations was comprised of a $43,000 loss from operations and a $60,200 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. GROUPER CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2022 Income Before Income Taxes 464400 Income Tax Expense 72240 Income from Continuing Operations 392160 Discontinued Operations Income Before Income Taxes 464400 Income Tax Expense 72240 Income from Continuing Operations 392160 Discontinued Operations Loss on Disposal -60200 Loss from Operations -43000 -103200 Net Income ! (Loss) 288960 Click if you would like to Show Work for this question: Open Show Work Exercise 17-03 al 2, 61-62 Ecolcs has budgeted overhead costs of 9000. It has allocated overhead on a planwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 459,000 for the current year. The company has decided to experiment with any based costing and has created two activity cost pools and related activity cost drivers. These compools are cutting cost driver is machine hours and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $67,200 and $596,700 is located to the design cost pool. Additional information related to these pools is as Machine hours Wool 102.000 1,020 Cotton 102.000 sio Total 204,000 1.530 Calculate the overhead rating activity based costing (Round answers to 2 decimal places, 9. 12.25.) Overhead rates for activity based costing per machine how Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing. Wool product line Cotton product line Overhead Allocated CALCULATOR FULL SCREEN PRINTER VERSION Overhead Allocated LINK TO TEXT Calculate the overhead rate using traditional approach. (Hound answer to 2 decimal places, 12.25.) Overhead roles using the traditional approach per direct labor hour LINE TO VIDEO What amount of overhead would be allocated to the wool and cotton product lines using the traditional approach, assuming direct labor hours were incurred evenly between the wool and cotton? Woolproduct line Cotton product line Overhead Allocated Click if you would like to Show Work for this question Open Show Work