Hi and welcome to FixYa!
Does your corolla still runs on carburetor? If it is then it's a common problem. The carburetor's jet spits too much fuel when worn out. I strongly suggest that you get a carburetor kit and replace the jet and seals to resolve the problem.
Fuel consumption will surely be good after the procedure.
Hope this helps and thank you for using FixYa! Have a good one!
Please see my tip at http://www.fixya.com/cars/r6715318-causes_gasoline_engine_misfires . These are generic instructions. If you get stuck or need specific instructions for your car, please get back to me with model, year and engine info.
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