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6. For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial data...

6.

For its fiscal year ending October 31, 2022, Concord Corporation reports the following partial data shown below.

Income before income taxes $523,800
Income tax expense (20% × $407,400) 81,480
Income from continuing operations 442,320
Loss on discontinued operations 116,400
Net income $325,920


The loss on discontinued operations was comprised of a $48,500 loss from operations and a $67,900 loss from disposal. The income tax rate is 20% on all items.

Prepare a correct statement of comprehensive income, beginning with income before income taxes.

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