For its fiscal year ending October 31, 2022, Ayayai Corp. reports the following partial data.

Income before income taxes		$606,000
Income tax expense (20% $490,000)		98,000
Income from continuing operations		508,000
Loss on discontinued operations		116,000
Net income		$392,000

The loss on discontinued operations was comprised of a $36,000 loss from operations and a $79,800 loss from disposal. The income tax rate is 20% on all items. Prepare a correct partial income statement beginning with income before income taxes.

AYAYAI CORP. Partial Income Statement choose the accounting period For the Year Ended October 31, 2022October 31, 2022For the Month Ended October 31, 2022
select an income statement item Income Tax ExpenseDividendsTotal RevenuesTotal ExpensesComprehensive IncomeIncome from Continuing OperationsExpensesLoss on DisposalRevenueRetained EarningsDiscontinued OperationsUnrealized Holding Loss of Available-for-Sale SecuritiesOther Comprehensive IncomeLoss from OperationsIncome Before Income TaxesNet Income / (Loss)				$enter a dollar amount
select an income statement item Income Tax ExpenseDividendsIncome from Continuing OperationsTotal ExpensesExpensesLoss on DisposalComprehensive IncomeRetained EarningsNet Income / (Loss)RevenueUnrealized Holding Loss of Available-for-Sale SecuritiesLoss from OperationsOther Comprehensive IncomeIncome Before Income TaxesTotal RevenuesDiscontinued Operations				enter a dollar amount
select a summarizing line for the first part Comprehensive IncomeNet Income / (Loss)Total RevenuesOther Comprehensive IncomeExpensesTotal ExpensesRetained EarningsDividendsLoss on DisposalUnrealized Holding Loss of Available-for-Sale SecuritiesLoss from OperationsIncome Before Income TaxesIncome from Continuing OperationsRevenueDiscontinued OperationsIncome Tax Expense				enter a total amount for the first part
select an opening section name Other Comprehensive IncomeDiscontinued OperationsIncome Before Income TaxesLoss on DisposalTotal ExpensesUnrealized Holding Loss of Available-for-Sale SecuritiesExpensesTotal RevenuesLoss from OperationsNet Income / (Loss)Comprehensive IncomeRevenueDividendsRetained EarningsIncome from Continuing OperationsIncome Tax Expense
select an income statement item Total ExpensesLoss on DisposalDividendsRevenueIncome Before Income TaxesLoss from OperationsOther Comprehensive IncomeNet Income / (Loss)Income Tax ExpenseIncome from Continuing OperationsDiscontinued OperationsExpensesComprehensive IncomeTotal RevenuesUnrealized Holding Loss of Available-for-Sale SecuritiesRetained Earnings		$enter a dollar amount
select an income statement item ExpensesDiscontinued OperationsIncome Before Income TaxesLoss on DisposalIncome Tax ExpenseNet Income / (Loss)Loss from OperationsTotal ExpensesDividendsUnrealized Holding Loss of Available-for-Sale SecuritiesOther Comprehensive IncomeTotal RevenuesIncome from Continuing OperationsRetained EarningsRevenueComprehensive Income		enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for this statement Net Income / (Loss)Discontinued OperationsLoss from OperationsUnrealized Holding Loss of Available-for-Sale SecuritiesIncome Before Income TaxesTotal RevenuesComprehensive IncomeOther Comprehensive IncomeExpensesIncome Tax ExpenseDividendsTotal ExpensesLoss on DisposalRetained EarningsIncome from Continuing OperationsRevenue				$enter a total net income or loss amount