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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

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 (20% $420,000) 84,000
Income from continuing operations 456,000
Loss on discontinued operations 120,000
Net income $336,000

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 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes.

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