For its fiscal year ending October 31, 2022, Sandhill Corporation reports the following partial data. Income before income taxes $545,000 Income tax expense ( 25 % x $409,000) 102,250 Income from continuing operations 442,750 Loss on discontinued operations Net income. 136,000 $306,750 The loss on discontinued operations was comprised of a $60,000 loss from operations and a $76,000 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).) SANDHILL CORPORATION Income Statement (Partial) $