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For its fiscal year ending October 31, 2020, Antonio Corporation reports the following partial data. $ 430.000 215,600 Income before income taxes Income tax expense

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For its fiscal year ending October 31, 2020, Antonio Corporation reports the following partial data. $ 430.000 215,600 Income before income taxes Income tax expense (40%x $ 539,000) Income from continuing operations Gain from discontinued operations 214.400 109.000 Net income $323,400 The income tax rate is 40% on all items. (a) Prepare a correct income statement, beginning with income before income taxes. ANTONIO CORPORATION Partial Income Statement $ TA

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