For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial data. Income before income taxes $580,000 Income tax expense (25% x $450,000) 112,500 Income from continuing operations 467,500 Loss on discontinued operations Net income 130,000 $337,500 The loss on discontinued operations was comprised of a $55,000 loss from operations and a $75,000 loss from disposal. The income tax rate is 25% on all items. (a) Prepare a correct partial income statement, 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).) CONCORD CORPORATION Partial Income Statement The loss on discontinued operations was comprised of a $55,000 loss from operations and a $75,000 loss from disposal. The income tax rate is 25% on all items. (a) Prepare a correct partial income statement, 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).) CONCORD CORPORATION Partial Income Statement A Partial Income Statement > $ A