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For its fiscal year ending October 3 1 , 2 0 2 2 , Bramble Corporation reports the following partial data. Income before income taxes

For its fiscal year ending October 31,2022, Bramble Corporation reports the following partial data.
Income before income taxes $585,000
Income tax expense (26% x $456,000) $118,560
Income from continuing operations $466,440
Loss on discounted operations $129,000
Net income $337,440
The loss on discounted operations was comprised of a $56,000 loss from operations and a $73,000 loss from disposal. The income tax rate is 26% on all items.
(a) Prepare a correct partial income statement, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g.-2.945 or parentheses e.g.(2,945).)

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