For its fiscal year ending October 31, 2020, Haas Corporation reports the following partial data shown below. $530,000 Income before income taxes Income tax expense (34% x $398,000) 135,320 Income from continuing operations 394,680 Loss on discontinued operations 132,000 $262,680 Net income The loss on discontinued operations was comprised of a $60,000 loss from operations and a $72,000 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. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Prepare a correct statement of comprehensive income beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945).) HAAS CORPORATION Partial Income Statement October 31, 2020 Discontinued Operations Dividends Expenses Extraordinary Loss from Flood Income from Continuing Operations Income before Income Taxes Income Tax Expense Net Income / (Loss) Retained Earnings Revenues Total Expenses Total Revenues Loss on Disposal, Net of Income Tax Savings Loss from Operations, Net of Income Tax Savings Gain from Disposal of Discontinued Division Gain from Operations of Discontinued Division Net Income/(Loss) HAAS CORPORATION Partial Income Statement For the Year Ended October 31, 2020 Income before Income Taxes $ Income from Continuing Operations Income Tax Expense Income from Continuing Operations Loss from Operations, Net of Income Tax Savings $ Loss on Disposal, Net of Income Tax Savings $ Net Income/(Loss)