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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 $560,000 Income tax expense

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

Income before income taxes $560,000
Income tax expense (34% x $429,000) 145,860
Income from continuing operations 414,140
Loss on discontinued operations 131,000
Net income $283,140

The loss on discontinued operations was comprised of a $55,000 loss from operations and a $76,000 loss from disposal. The income tax rate is 34% on all items. (a) Prepare a correct statement of comprehensive income beginning with income before income taxes.

Haas Corporation

Partial Income Statement

____________________ $______

____________________ -______

____________________ _______

____________________ _______

____________________ _______

____________________ $______

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