For its fiscal year ending October 31, 2022, Lily Corporation reports the following partial data. Income before income taxes $560,000 Income tax expense (34% x $429,000) 145,860 Income from continuing operations 414,140 Loss on discontinued operations 131,000 Net income $283,140 The loss on discontinued operations was comprised of a $55,000 loss from operations and a $76,000 loss from disposal. The income tax rate is 34% 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).) LILY CORPORATION Partial Income Statement