For its fiscal year ending October 31, 2025, Ivanhoe Corporation reports the following partial data. Income before income taxes - $448,200 Income tax expense (20% x $348,600) 69,720 Income from continuing operations 378,480 Loss on discontinued operations Net income 99,600 $278,880 The loss on discontinued operations was comprised of a $41,500 loss from operations and a $58,100 loss from disposal. The income tax rate is 20% on all items. (a) Prepare a correct partial income statement, beginning with income before income taxes. IVANHOE CORPORATION Income Statement (Partial) For the Year Ended October 31, 2025