PLEASE GIVE CORRECT ANSWERS IN THE FORMAT ABOVE

Exercise 14-12 For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial data shown below Income before income taxes $560,000 115,560 Income tax expense (27% x $428,000) Income from continuing operations 444,440 Loss on discontinued operations 132,000 $312,440 Net income The loss on discontinued operations was comprised of a $58,000 loss from operations and a $74,000 loss from disposal. The income tax rate is 27% on all i tems