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For its fiscal year ending October 31, 2019, Grouper Corp. reports the following partial data shown below. Income before income taxes $605,000 Income tax expense

For its fiscal year ending October 31, 2019, Grouper Corp. reports the following partial data shown below.

Income before income taxes $605,000
Income tax expense (15% $626,000) 93,900
Income from continuing operations 511,100
Loss on discontinued operations 108,500
Net income $402,600

The loss on discontinued operations was comprised of a $38,800 loss from operations and a $69,700 loss from disposal. The income tax rate is 15% on all items. Prepare a correct statement of comprehensive income beginning with income before income taxes.image text in transcribed

GROUPER CORP. Partial Statement of Comprehensive Income For the Year Ended October 31, 2019 v Income Before Income Taxes 605000 Income Tax Expense -90750 Income from Continuing Operations 514250 Discontinued Operations Loss on Disposal 32980 Loss from Operations 59245 92225 Net Income /(Loss) 422025

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