Exercises 13-1 For its fiscal year ending October 31, 2017, Sarasota Corp. reports the following partial data shown below. Income before income taxes Income tax expense (15% x $599,000) 89,850 Income from continuing operations 497,150 Loss on discontinued operations Net income $587,000 115,200 $381,950 The loss on discontinued operations was comprised of a $42,300 loss from operations and a $72,900 loss from disposal. The income tax rate is 15% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes SARASOTA CORP Partial Statement of Comprehensive Income Income Before Income Taxes Income Tax Expense Income from Continuing Operations