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For its fiscal year ending October 31, 2017, Swifty Corporation reports the following partial data shown below. Income before income taxes $625,000 Income tax expense

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

Income before income taxes $625,000
Income tax expense (18% $516,000) 92,880
Income from continuing operations 532,120
Loss on discontinued operations 129,600
Net income $402,520

The loss on discontinued operations was comprised of a $56,100 loss from operations and a $73,500 loss from disposal. The income tax rate is 18% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes.

SWIFTY CORPORATION Partial Statement of Comprehensive Income Choose the accounting period For the Month Ended October 31, 2017For the Year Ended October 31, 2017October 31, 2017

Select an income statement item

$Enter a dollar amount

Select income statement item

Enter a dollar amount

Select income statement Item

Enter a total of the two previous amounts

Select income statement Item

Select an income statement item

$Enter a dollar amount

Select an income statement item

Enter a dollar amount

Select an income statement item

Enter a total of the two previous amounts

Select a closing name for this statement s

Enter a total amount for this statement

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