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For its fiscal year ending October 31, 2022, Pronghorn Corp.reports the following partial data shown below. Income before income taxes Income tax expense (20% *
For its fiscal year ending October 31, 2022, Pronghorn Corp.reports the following partial data shown below. Income before income taxes Income tax expense (20% * $386,400) Income from continuing operations Loss on discontinued operations Net income $496,800 77,280 419,520 110,400 $309,120 The loss on discontinued operations was comprised of a $46,000 loss from operations and a $64,400 loss from disposal. The income tax rate is 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes. PRONGHORN CORP. Partial Statement of Comprehensive Income $ V $
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