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

Income before income taxes		$540,000
Income tax expense (30% x $420,000)		126,000
Income from continuing operations		414,000
Loss on discontinued operations		120,000
Net income		$294,000

The loss on discontinued operations was comprised of a $50,000 loss from operations and a $70,000 loss from disposal. The income tax rate is 30% on all items. (a)

Prepare a correct statement of comprehensive income beginning with income before income taxes. HAAS CORPORATION Partial Income Statement For the Year Ended October 31, 2017 540000 Income before Income Taxes Income Tax Expense Income from Continuing Operations Loss from Disposal of Discontinued Division Loss from Operations of Discontinued Division B. B. Net Income / (Loss)