4 of 12 View Policies Current Attempt in Progress The ledger of Sandhill Corporation at November 30, 2021. contains the following summary data Cash dividends-common $64.500 Operating expenses $1,109,000 Cash dividends-preferred 25,000 Common shares 319,500 Other comprehensive income-loss on equity investments (before income tax) Rent revenue 79.000 47.000 Cost of goods sold 7.270.000 Preferred shares (55 noncumulative 389,000 Depreciation expense 349,000 Retained earnings. December 1.2020 740000 9,019.000 Sales Your analysis reveals the following additional information 011 -/18 1 1. The company has a 25% income tax rate 2 The communications devices division was discontinued on August 31. This profit from operations for the division as to that day was $16 800 before income tax. The division was sold at a loss of $74,500 before income tax