Exercise 13-1 Your answer is partially correct. Try again For its fiscal year ending October 31, 2019, Cheyenne Corp. reports the following partial data shown belovw Income before income taxes Income tax expense (16% x $541,000) 86,560 Income from continuing operations Loss on discontinued operations Net income $645,000 558,440 133,300 $425,140 The loss on discontinued operations was comprised of a $57,900 loss from operations and a $75,400 loss from disposal. The income tax rate is 16% on all items Prepare a correct statement of comprehensive income beginning with income before income taxes CHEYENNE CORP Dartial Statement of Comprehensive Income For the Year Ended October 31, 2019 Income Before Income Taxes 645,000 Income Tax Expense 86,560 Income from Continuing Operations 558,440 Discontinued Operations Loss on Disposal 75,400 Loss from Operations 57,900 133,300 Net Income (Loss) 425,140