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Business, 20.06.2020 22:57 keke515

For its fiscal year ending October 31, 2022, Monty Corp. reports the following partial data shown below. Income before income taxes $480,600 Income tax expense (20% × $373,800) 74,760 Income from continuing operations 405,840 Loss on discontinued operations 106,800 Net income $299,040 The loss on discontinued operations was comprised of a $44,500 loss from operations and a $62,300 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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