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For its fiscal year ending October 31, 2017, Flint Corporation reports the following partial data shown below. Income before income taxes $ 508,000 Income tax

For its fiscal year ending October 31, 2017, Flint Corporation reports the following partial data shown below.

Income before income taxes $ 508,000
Income tax expense ( 23% $ 622,000) 143,060
Income from continuing operations 364,940
Loss on discontinued operations 116,500
Net income $ 248,440

The loss on discontinued operations was comprised of a $ 45,200 loss from operations and a $ 71,300 loss from disposal. The income tax rate is 23% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes.

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FLINT CORPORATION Partial Statement of Comprehensive Income

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