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Current Attempt in Progress For its fiscal year ending October 31, 2022, Blue Spruce Corp. reports the following partial data shown below. Income before income
Current Attempt in Progress For its fiscal year ending October 31, 2022, Blue Spruce Corp. reports the following partial data shown below. Income before income taxes $556,200 Income tax expense (20% x $432,600) 86,520 Income from continuing operations 469,680 Loss on discontinued operations 123,600 Net income $346,080 The loss on discontinued operations was comprised of a $51,500 loss from operations and a $72,100 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. BLUE SPRUCE CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2022 Income Before Income Taxes Income Tax Expense Income from Continuing Operations Discontinued Operations Loss from Operations Loss on Disposal Net Income/(Loss) 556200
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