Exercise 13-1 Your answer is partially correct. Try again. For its fiscal year ending October 31, 2019, Culver Corporation reports the following partial data shown below. Income before income taxes $513,000 Income tax expense (15% x $519,000) 77,850 Income from continuing operations435,150 Loss on discontinued operations 126,300 $308,850 Net income The loss on discontinued operations was comprised of a $58,900 loss from operations and a $67,400 loss from disposal. The income tax rate is 15% on all items Prepare a correct statement of comprehensive income beginning with income before income taxes. CULVER CORPORATION Partial Statement of Comprehensive Income For the Year Ended October 31, 2019 Income Before Income Taxes 513000 (77850) Income Tax Expense Income from Continuing Operations 435150 CULVER CORPORATION Partial Statement of Comprehensive Income For the Year Ended October 31, 2019 513000 Income Before Income Taxes (77850) Income Tax Expense Income from Continuing Operations 435150 Discontinued Operations -57290 Loss on Disposal -50065 Loss from Operations -107355 -327795 Net Income/ (Loss)