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

The loss on discontinued operations was comprised of $51,000 loss from operations and a $71,000 loss from disposal. The income tax rate is 25% on all items.

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

Exercise 18-12 For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial data shown below Income before income taxes Income tax expense (25% $458,000) Income from continuing operations Loss on discontinued operations Net income $580,000 114,500 465,500 122,000 $343,500 The loss on discontinued operations was comprised of a $S 1,000 loss from operations and a S71,000 loss from disposal. The i come tax rate is 25% on all lters Prepare a correct statement of comprehensive income beginning with income before income taxes. HAAS CORPORATION Partial Income Statement