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Exercise 18-12 For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial...

Exercise 18-12 For its fiscal year ending October 31, 2017, Haas Corporation reports the following partial data shown below. Income before income taxes $510,000 Income tax expense (33% x $377,000) 124,410 Income from continuing operations 385,590 Loss on discontinued operations 133,000 Net income $252,590 The loss on discontinued operations was comprised of a $54,000 loss from operations and a $79,000 loss from disposal. The income tax rate is 33% on all items. (a) Prepare a correct statement of comprehensive income beginning with income before income taxes. HAAS CORPORATION Partial Income Statement $ $

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