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For its fiscal year ending December 31, 2017, Conner Corporation reported the following partial data Income before income taxes $1,200,000 Income tax expense (30% x

For its fiscal year ending December 31, 2017, Conner Corporation reported the following partial data

Income before income taxes
$1,200,000
Income tax expense (30% x 950,000)
285,000
Income from continuing operations
915,000
Discontinued operations loss
250,000
Net income
$665,000


The discontinued operations loss was comprised of a $100,000 loss from operations and a $150,000 loss from disposal. The income tax rate is 30% on all items.

Prepare a correct statement of comprehensive income beginning with income before income taxes.

CONNER CORPORATION
Partial Statement of Comprehensive Income
For the Year Ended December 31, 2017
 Gain from operationsDiscontinued operationsGross profit / (loss)Gain from disposalLoss from operationsLoss from disposalNet income / (loss)Income tax expenseIncome before income taxesIncome from continuing operations



$
 Net income / (loss)Gross profit / (loss)Income tax expenseDiscontinued operationsLoss from operationsIncome from continuing operationsGain from operationsLoss from disposalGain from disposalIncome before income taxes




 Gross profit / (loss)Discontinued operationsNet income / (loss)Gain from disposalIncome before income taxesIncome tax expenseIncome from continuing operationsLoss from operationsGain from operationsLoss from disposal




 Income tax expenseGain from disposalIncome before income taxesNet income / (loss)Discontinued operationsGross profit / (loss)Income from continuing operationsLoss from operationsGain from operationsLoss from disposal




    Income tax expense    Income from continuing operations    Loss from operations    Discontinued operations    Gain from operations    Loss from disposal    Gain from disposal    Net income / (loss)    Income before income taxes    Gross profit / (loss)    

$


    Loss from disposal    Gross profit / (loss)    Gain from disposal    Income before income taxes    Net income / (loss)    Income tax expense    Income from continuing operations    Loss from operations    Gain from operations    Discontinued operations    




 Gain from disposalLoss from disposalNet income / (loss)Income before income taxesGain from operationsGross profit / (loss)Income tax expenseLoss from operationsIncome from continuing operationsDiscontinued operations



$

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