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Exercise 14-12 For its fiscal year ending october 31, 2017, Haas Corporation reports the following partial data shown below. income before income taxes $580,000 Income tax expense (25% x $458,000) 114,500 Income from continuing operations 465,500 Loss on discontinued operations 122,000 $343,500 The loss on discontinued operations was comprised of a $51,000 loss from operations and a $71,000 loss from disposal. The income tax rate is 25% on all items. Prepare a correct statement of comprehensive income beginning with income before income taxes. HAAS CORPORATION Partial Income Statement For the Year Ended October 31, 2017 s Income before Income Taxes Income Tax Expense income from Continuing operations Loss from Disposal of Discontinued Division Loss from Operations of Discontinued Division Net Income (Loss)