For its fiscal year ending October 31, 2020, Haas Corporation reports the following partial data shown below.
Income before income taxes .......................$540,000
Income tax expense (20% × $420,000) ...........84,000
Income from continuing operations .............456,000
Loss on discontinued operations ..................120,000
Net income ....................................................$336,000
The loss on discontinued operations was comprised of a $50,000 loss from operations and a $70,000 loss from disposal. The income tax rate is 20% on all items.

Instructions
a. Prepare a correct statement of comprehensive income beginning with income before income taxes.
b. Explain in memo form why the income statement data are misleading.